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Hightower Advisors Faces Class Action Over Alleged Data Breach

April 29th, 2026 at 12:11 PM
Hightower Holding LLC is facing a class action lawsuit alleging that the firm failed to protect sensitive personal information following a data breach affecting thousands of individuals, according to reporting by Financial Advisor News.
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Former Morgan Stanley Advisor Faces Trial Over Alleged Scheme Targeting NBA Players

April 28th, 2026 at 11:43 AM
A former Morgan Stanley financial advisor is charged with defrauding professional basketball players through complex investment transactions involving viatical settlements, according to reporting by InvestmentNews.
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Blackstone's Private Credit Fund (BCRED) Meets Record Redemption Demand

April 27th, 2026 at 12:58 PM
Blackstone Inc.
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Geopolitical Tensions Prompt Ä¢¹½´«Ã½alth Advisors to Rethink Dubai Strategies

April 24th, 2026 at 12:13 PM
Recent geopolitical developments have forced wealth advisors to reassess client exposure to Dubai, a jurisdiction that has attracted significant ultra-high-net-worth capital over the past decade.
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Advisor Recruiting Surges in 2025 as Industry Movement Reaches New Highs

April 23rd, 2026 at 12:59 PM
Advisor movement across the wealth management industry accelerated sharply in 2025, with 11,172 experienced financial advisors changing firms, according to reporting by Ä¢¹½´«Ã½alth Management citing the latest Advisor Transition Report from Diamond Consultants.
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DOL Proposal on Alternative Assets in 401(k)s Faces Cautious Reception

April 21st, 2026 at 2:33 PM
The Department of Labor proposed a rule to expand access to alternative investments in 401(k) plans, with adoption hinging on employer appetite for risk.
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FINRA Suspends Former Cape Securities CCO for Supervision Failures Tied to GWG L Bonds and Complex ETPs

April 20th, 2026 at 2:03 PM
The Financial Industry Regulatory Authority (FINRA) recently suspended and fined Lester Joel Hochler, the former Chief Compliance Officer of Cape Securities Inc., for failing to reasonably supervise recommendations of speculative debt securities and complex exchange-traded products to retail customers.
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Florida Advisor Sentenced to 90 Months for Foreign Currency Ponzi Scheme and Tax Evasion

April 17th, 2026 at 11:10 AM
A federal court sentenced John A.
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Former Financial Advisor Pleads Guilty to $10 Million Fraud Scheme Targeting Elderly Client

April 16th, 2026 at 11:27 AM
A former financial advisor has pleaded guilty to wire fraud after orchestrating a scheme that stole nearly $10 million from an elderly client, according to reporting by Financial Advisor News.
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Court Issues Split Ruling in Edelman Advisor Dispute

April 15th, 2026 at 4:55 PM
A federal court in Delaware has delivered a mixed decision in a dispute between Edelman Financial Engines and Prime Capital Financial, underscoring the legal limits of restrictive covenants in the advisory space.
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Proposed FINRA Enforcement Reforms Draw Mixed Reactions From Industry Participants

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