Portfolio manager trade allocations are now under intense regulatory scrutiny after federal prosecutors charged a prominent bond fund manager.
Trade allocations by portfolio managers are coming under increased scrutiny as federal prosecutors charge a high-profile bond fund manager.
For wealth advisors, navigating the ever-shifting dynamics of fund performance requires clarity and consistency.
Former Western Asset Management Co. co-CIO Ken Leech was charged by US authorities with engaging in an alleged “cherry-picking” scheme.
A former Wells Fargo advisor admitted guilt to five counts of fraud tied to a scheme where he misappropriated over $3 million from five clients.
The SEC has permanently barred advisor Sean Kane from the industry, alleging he impersonated and misled former clients after his termination.
Finra has announced a scheduled increase in member dues aimed at covering its operational costs.
