Wealth Management Daily Memo

DECEMBER 31, 2018

PEOPLE

Former Ladenburg Chairman Settles with SEC Over Pump-and-Dump Scheme

Diana Britton

Former Ladenburg Thalmann Chairman Phillip Frost has agreed to pay a $5.5 million penalty to settle SEC charges against him.

INDUSTRY

Wells Fargo to Pay States $575 Million Over Sales Practices

Hannah Levitt

The settlement with 50 states and the District of Columbia resolves state investigations into Wells Fargo’s practices from 2002 to 2017.

SPONSORED CONTENT

Making the Break

Sponsored by BNY Mellon's Pershing

Successful breakaway RIA firms reveal the catalysts behind their shift to independence.

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ETFS

What, Me Worry?

Brad Zigler

We're testing the SPY-OEF spread line again.

SPONSORED CONTENT

The Advisor’s Guide to Donating Non-Cash Assets to Charity

Sponsored by Schwab Charitable

Deepen client relationships and differentiate yourself by incorporating philanthropy into your practice. This 18-page guide will help you turn your clients’ appreciated illiquid assets into tax-smart charitable contributions.

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