A wealth tax affecting the country’s 75,000 richest households could raise $2.75 trillion over the next decade, according to Warren’s plan.
Chief executive of Ladenburg-owned KMS Financial Services has had mixed success in expunging more than a dozen customer complaints that splotch her BrokerCheck record.
Brokers across three RayJay channels overcharged customers by putting them in fee-based accounts, mispricing positions and recommending premature exchanges that generated commissions, regulator says.
Oak Hill Partners will recapitalize fast-growing firm, showing that the financial planning sector remains a red-hot investment area for “smart money” investors.
Morgan Stanley Dean Witter veteran Jeff Swartz takes reins of three Boston branches while his Beantown counterpart Joe Malarney, who has Smith Barney roots, shifts to oversee six offices in coastal towns.
Banking giant agrees to $1.1 million fine for failing to timely file U5 disclosures on dozens of former reps who left amid allegations or investigations of fraud, theft or other violations.
Advisors in Texas and Nebraska last week agreed to stop soliciting their former clients, but Schwab and Fidelity Investments also last week withdrew complaints against breakaway brokers in Wisconsin and Connecticut.
Compensation per employee is down by 61% at the Wall Street firm when adjusted for nominal wage growth in the period, according to company filings and calculations by Bloomberg.