The announcement comes several months after Oros became the CEO of the registered investment advisory firm, which will become a member firm of the traditionally broker/dealer-focused advocacy organization.
Investors are gaining more confidence in actively managed stock or bond portfolios in an ETF wrapper. New issues by the big sponsors could further boost demand.
Massachusetts Secretary William A. Galvin alleges Janney Montgomery Scott didn't properly supervise a broker who frequently bought and sold high-fee mutual funds to boost his commissions.
