Wells Fargo is latest to tweak 2015 awards for advisors, making them more complex Financial advisors at the wirehouse firms are facing more complex compensation plans in 2015, compensation experts say. “It is becoming close to being like a carnival game – you have to knock down three cans to get the top-shelf prize,” said […]
The Securities and Exchange Commission announced today that on December 4, 2014, the City of Harvey, Illinois agreed to settle charges stemming from an enforcement action filed in June 2014. The city has consented to the entry of a final judgment which includes undertakings designed to provide significant protections for bond investors. On June 25, […]
The Securities and Exchange Commission today announced charges against an investment advisory firm and three top officials for violating the “custody rule” that requires firms to follow certain procedures when they control or have access to client money or securities. Advisory firms with custody of private fund assets can comply with the custody rule by […]
Ajamie LLP and Aidikoff, Uhl & Bakhtiari continue to investigate and discuss with investors potential claims for recovery. LPL Financial Holdings, Inc. branch manager James “Jeb” Bashaw was fired on September 24, 2014 for among other things allegedly engaging in private securities transactions, borrowing money from a client and engaging in activities that created conflicts […]
Former LPL Financial branch manager James “Jeb” Bashaw was fired on September 24, 2014, for several allegations, including participating in private securities transactions without providing written disclosure to and obtaining written approval from LPL Financial, according to his report on CRD (Central Registration Depository). Mr. Bashaw was once named Texas’ top adviser by Barron’s magazine in […]