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SEC Bars California Advisor For Defrauding Hundreds of Retail Clients

Wealth Management

According to the commission, Keith Springer and his firm used “deceptive marketing” via ads and his radio show to attract investors, many of whom were retirees.

Retail 262
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PIABA Urges SEC to Suspend RIA Mandatory Arbitration Clauses

Wealth Management

In a recent report, the SEC Investor Advocate suggested the commission "temporarily" stop RIAs from including mandatory arbitration clauses in contracts, arguing they could "mislead retail clients into not exercising their legal rights."

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Extracting Actionable Takeaways From The SEC’s Staff Bulletin Regarding An RIA’s Standard Of Care

Nerd's Eye View

There is a general understanding that investment advisers have a fiduciary relationship with their clients – in other words, that they are required to act in the client's best interests. These 3 components in practice make up a core part of the adviser's fiduciary duty to their clients.

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DoL’s Retirement Security Rule & PTE 2020-02 Amendment: What Advisers Need to Know Now About Giving Rollover Advice After Sept 23, 2024

Nerd's Eye View

commissions), and who holds themselves out as a trusted adviser by either stating they are acting as a fiduciary or otherwise indicates that they are making individualized recommendations based on the investor's best interest.

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How Does Mrs. Bector’s Food Share Price Surge of 118% in a year Reflect Its Business Prospects?

Trade Brains

With retail bakery and institutional segment included, bakery segment sales in Q3FY24 was Rs. It exports to 69 countries on six continents and provides its products to reputable institutional clients with a presence throughout India, in addition to retail customers in 26 states in India. This is a 15% increase over Q3FY23.

Food 59
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Transcript: Jenny Johnson, Franklin Templeton

The Big Picture

And so you saw this shift from kind of fees embedded in say the mutual fund vehicle to being external on the client statement and so then advisors wanted things like ETFs and SMAs and other things because the client was seeing that they were paying their advisor every month. We were 75% retail. RITHOLTZ: Right. RITHOLTZ: Right.

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Top Indian Stocks held by BlackRock – Analysis & List of Stocks

Trade Brains

The firm has a presence in 36 countries with clients across the Americas, Europe, Asia, Australia, and EMEA. The Company successfully secured its first client Data Basics Corporation, in New York the same year. The Company earns ~64% of its revenue from Oil Refining and petrochemicals, while the Retail segment brings in another 25%.