This is the year to get arrested and charged with federal crimes apparently. Elizabeth Holmes is behind bars. Sam Bankman-Fried is under house arrest. MoviePass’s Ted Farnsworth was arrested. Frank’s Charlie Javice has been indicted. And yesterday, a venture capitalist who was one of the Trump SPAC board members—as well as two others—were arrested and charged with insider trading. Whew. It would be great if, you know, people stopped breaking the law. I’ve been reading through the charges...

Clearinghouses/custodians Schwab seeks legal action against advisor who allegedly solicited clients By Jessica Mathews 2 Min Read Facebook Twitter LinkedIn Email After 13 years at Charles Schwab, advisor Alfredo Martinez faces a preliminary injunction in court ahead of a FINRA arbitration for allegedly engaging in “unlawful solicitation” of HNW clients. Associate Editor, Financial Planning twitter mailto linkedin For reprint and licensing requests for this article, click...

Will the roughly 7,000 RIAs custodying with TD Ameritrade stick with Charles Schwab following the firm's acquisition? Will they have to repaper accounts? Will they get the same service, better service or worse?

Charles Schwab is hiring a former TD Ameritrade executive well-regarded among small RIAs, potentially assuaging these advisors’ concerns that they’ll be overlooked once Schwab completes its pending acquisition of TD.

Associate Editor, Financial Planning mailto For reprint and licensing requests for this article, click here. As a whole, the megabank saw its net income rise by 9% in 2023's final quarter. But its wealth management unit was another story. Merrill adds client, high net worth relationships without swelling advisor ranks The firm's wealth management co-head said that recent changes to its pay grid have been favorably received. IRS flip-flops on gift tax question involving grantor trusts In a...