Finra is poised to beef up rules surrounding sales of complex products and to enhance safeguards related to purchasing cryptocurrencies and digital assets from brokerages. Those items are among the organization’s 2022 priorities, Robert W. Cook, CEO of the Financial ...

In a job market where workers are gaining more power to negotiate flexible work arrangements and benefits, employers could find themselves having to bring more to the table. Nearly a third of people don’t want to give up the freedom ...

Securities and Exchange Commission Chairman Gary Gensler defended the agency’s use of tight deadlines for public input on rulemaking proposals in remarks before a group of financial industry representatives who want more time. Gensler acknowledged that the agency has mostly ...

2021 was an unusually productive year for Morgan Stanley and its close to 16,000 financial advisers, who brought in record net new assets for the year of $437.8 billion, for an annual growth rate of 11%, according to the company. ...

Captrust Financial Advisors announced two acquisitions Wednesday that were completed in late 2021 and added more than $1.5 billion in assets to the Raleigh, North Carolina-based registered investment adviser. Captrust, which added a record 11 firms in 2021, acquired New ...

Last year produced an embarrassment of records at Bank of America’s Merrill Lynch wealth management group, as the unit reached new highs on metrics ranging from assets to revenue. Merrill Lynch posted record revenue of $17.4 billion in 2021, a ...

AdvisorEngine, a provider of CRM and portfolio management tools for wealth managers, announced the rebranding of customer relationship management platform Junxure, the company’s marquee technology acquisition in 2018.  The upgraded system will continue to be offered as a stand-alone product, ...

Perry Santillo, a former registered representative charged by the SEC with four others and three firms of operating a Ponzi scheme, has been sentenced to 210 months in prison and ordered to pay restitution totaling $102,952,582.77. Convicted earlier of conspiracy ...

Facet Wealth Inc., a subscription-based financial planning fintech, announced a $100 million funding round Wednesday that will help the company expand fee-based planning to Americans who don’t have enough money to work with traditional wealth managers.  The Baltimore-based company combines ...

SoFi Technologies Inc., the financial firm led by former Twitter Inc. executive Anthony Noto, surged after the Office of the Comptroller of the Currency granted it a U.S. banking charter. The online lending platform acquired Golden Pacific Bank as a ...