A Raleigh, N.C.-based financial advisor has been indicted on 16 fraud and corruption charges, CBS North Carolina is reporting. VisionQuest Wealth Management CEO Stephen Peters was charged with investment advisor fraud, fraud in the sale of unregistered securities, nine counts of wire fraud, four counts of engaging in monetary transactions in criminally derived property and corruptly endeavoring to influence a federal agency. ... SagePoint Scores NPH Advisors SagePoint Financial has added several teams in the wake of LPL Financial’s acquisition of National Planning Holdings. During the fourth quarter, the broker/dealer recruited 15 teams totaling $1.4 billion in client assets, several of which were previously with National Planning Holdings broker/dealers. ...
Dalio: Tax Reform Not a Solution Ray Dalio, the chairman and CIO of hedge fund Bridgewater Associates, wrote a lengthy LinkedIn article critiquing the tax reform bill expected to be signed into law before Christmas. In short, Dalio acknowledged it could boost the U.S. economy, but he was largely critical of the bill. ...
