Jay-Z’s complaint that there aren’t enough eligible African-American arbitrators in the American Arbitration Association draws attention to diversity concerns.
February 8, 2019
The advisor allegedly tried to circumvent the firm’s restrictions on the amount of Class B mutual fund shares a client can own.
RIA and TAMP mergers were among 2018’s largest deals in the industry, and experts say 2019 may continue the trend.
Defendant faced up to 20 years for allegedly defrauding 53 investors and a church.
The team previously managed around $105 million.
The 12 RIA transactions last month accounted for just $4.4 billion, compared to 13 RIA deals valued at $21.5 billion in January 2018, according to Fidelity.
Broker violated the high standards of commercial honor rule, says Finra.
Together, the advisors oversee around $393 million.