A Morningstar analyst says recent changes in the advice industry mean better options for investors could be available.
February 14, 2020
Robert Bard, convicted of fleecing clients out of more than $4 million, had filed an appeal claiming his lawyers were ineffective.
Jeffrey Scott Nimmow allegedly sold more than $3.3 million worth of promissory notes in the Woodbridge Group of Companies, whose CEO was sentenced to 25 years in prison for running the Ponzi scheme.
Criterion Wealth Management Insurance Services and its two co-owners at the time allegedly failed to disclose to clients more than $1m in fees paid to them by fund managers.
For clients curious about the impact of the coronavirus on the economy or their investments.
Wedmont Private Capital offers a $10,000 flat fee for investors with more than $1 million.
An updated FAQ from the regulator states that recommendations to accredited investors, as well as recommendations to open self-directed brokerage accounts, still fall under Regulation Best Interest.