Ameriprise Financial won a roughly $1.4 million clawback against a former broker, but the advisor prevailed on his request to revise the explanation for his firing on his public BrokerCheck record, according to an arbitration award. A panel of two public ... See more
The Financial Industry Regulatory Authority has launched a pilot program to allow some firms that self-report potential violations as required by industry rules to avoid an immediate regulatory investigation, according to a senior enforcement official. Fi... See more
Ameriprise Financial has sweetened the pot for outside recruiters with offers of up to 16% of a recruited advisor’s trailing 12-month production, according to three headhunters. The rate appears to be the highest in the industry and well ahead of the typi... See more
Good things take time. That maxim might appease brokers and their firms who have been waiting years for a final word on Financial Industry Regulatory Authority’s proposals to reform rules governing registered representatives’ outside business activities. ... See more
Citigroup’s wealth unit, which the company combined last year with its retail banking division, is hiring around 500 advisors as well as private and personal bankers as part of its push to grow wallet share, according to Andy Sieg, who leads the unit. “Mo... See more
