The industry’s self-regulator says firms must address how they deal with red flags, such as inexperienced new investors applying for options trading.

A roundup of key updates from major broker-dealers, registered investment advisors, custodians and other distributors.

Ballast Rock Group has formed Ballast Rock Private Wealth to cater to accredited investors, tapping a Goldman Sachs and Bank of America alum to serve as the new RIA’s CIO.

Mike Wilson, who was among very few analysts to forecast a drop in the S&P 500 even before the war in Ukraine, tells Bloomberg that he believes in being a “market historian” — while thinking for himself.

Outsourcing investment management offers advisors the opportunity to free up substantial time while providing their clients with best-in-class solutions.

A new paper from the Center for Retirement Research at Boston College suggests that increased reliance on alternative investments hasn’t boosted performance, though it may have reduced volatility.

The company has sent emails to several users telling them that “the wait is over,” according to The Block, after rolling out a waiting list for crypto trading for interested investors earlier this month.

Eighty-eight percent of advisors plan to increase their alternatives allocations over the next two years, according to a survey from CAIS and Mercer.

The wirehouse allegedly failed to enforce a policy requiring reps to get prior approval before making recommendations for certain securities.

It’s not easy being green, especially when allocating portfolios. But direct indexing may be changing the investment climate.