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David Carroll, who retired as head of Wells Fargo’s wealth and investment management division last July after 38 years with the company, has come out in defense of the business unit following investigations from regulators into its sales practices, according to the Charlotte Observer. ...
SEC Charges Texas Advisors in Ponzi Scheme
The Securities and Exchange Commission has charged two Texas companies and their principals for allegedly running a $2.4 million Ponzi scheme and a related $1.4 million fraud. The SEC alleges that from 2010 to 2017, Clifton E. Stanley lured at least 30 elderly victims to invest $2.4 million on their retirement savings through his retirement planning and real estate investment business, The Lifepay Group. ...
Atlanta RIA Rebrands
Buckhead Investment Partners has rebranded itself into BIP Wealth. The Atlanta-based RIA oversees more than $850 million in assets for its clients. Formed in 2007, the firm has 24 employees, including 11 financial advisors. It focuses on clients with more than $1 million in investible assets by bringing family-style office investing to the mass affluent. ... |
