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April 23, 2018

SEC Commish Blows Apart “Disappointing” Best Interest Rule
Commissioner Stein says proposal misplaces onus on the retail investor to understand BD’s best interest obligations.
Morgan Stanley Wins $6 Million Payment From Fired FA
The advisor had been discharged over allegedly transferring out clients’ money for his own benefit.
Doug Ketterer’s Outfit Buys $23B Indie Broker-Dealer
Cadaret, Grant & Co. services more than 900 financial advisors across 475 offices around the country.
Advice Industry Casts Big Doubts Over SEC’s Best Interest Standard
Many critics say the securities watchdog didn’t go far enough and some believe its attempts at more clarity have been futile.
Raymond James' Alex.Brown Nabs Advisor from JPMorgan
FA worked on a team with $1.08 billion in assets at JPMorgan.
Breakaway Activity "Rampant" in First Quarter
Echelon Partners attributes the higher-than-average number of breakaways in the first quarter to recent exits from the Broker Protocol.