FINRA

Diana Wong Joins Pacific Advisors as Managing Director in the Bay Area

Retrieved on: 
Friday, March 29, 2024
Professional Services, Insurance, Finance, Asset Management, Consulting, Personal Finance, MassMutual, MDRT, Registered investment adviser, Culture, Growth, Education, Knowledge, Long-term care, DBA, Council, 1,000,000, Retirement, PAS, San Francisco Bay Area, Family, FINRA, SIPC

Pacific Advisors proudly announces the appointment of Diana Wong as Managing Director in the Bay Area.

Key Points: 
  • Pacific Advisors proudly announces the appointment of Diana Wong as Managing Director in the Bay Area.
  • As Managing Director at Pacific Advisors, Diana is poised to lead her team to new heights, leveraging her experience and passion for helping others achieve financial security and confidence.
  • Pacific Advisors is thrilled to welcome Diana Wong to our team.
  • Insurance products offered through One Pacific Financial & Insurance Solutions LLC, DBA of Pacific Advisors LLC.

CFP Board Imposes Public Sanctions on Nine Individuals

Retrieved on: 
Friday, April 5, 2024
Other Professional Services, Personal Finance, Finance, Asset Management, Consulting, Accounting, Professional Services, Business, GroupMe, Family, United States bankruptcy court, Counsel, Paramus, New Jersey, Assault, FINRA, Employment, Bankruptcy, Supreme court, Assault and battery, Average revenue per user, Telephone, Publishing, Code, Commission, Financial institution, Suspension, Ethics commission, Abuse, Household, DEC, Motion, Complaint, Superior court, CFP, Hearing, Financial Industry Regulatory Authority, Nursing

Joseph Tomczyk, CFP® (Paramus, New Jersey): In November 2023, the Disciplinary and Ethics Commission (Commission) issued an order in which Mr. Tomczyk received a Public Censure.

Key Points: 
  • Joseph Tomczyk, CFP® (Paramus, New Jersey): In November 2023, the Disciplinary and Ethics Commission (Commission) issued an order in which Mr. Tomczyk received a Public Censure.
  • In accordance with Article 3 of CFP Board’s Procedural Rules, CFP Board Enforcement Counsel delivered to Mr. Tomczyk a Complaint for Single Bankruptcy.
  • Mark A. Witaschek (Bedford, New Hampshire): In October 2023, CFP Board issued an order in which Mr. Witaschek received a Suspension that prohibits him from using the CFP Board certification marks for five years.
  • After taking the March 2021 CFP® exam, Mr. Basu posted a summary of the exam topics and other content from his CFP® exam to the chat group.

First Trust Advisors L.P. Announces Distribution for Exchange-Traded Funds

Retrieved on: 
Thursday, March 28, 2024
Banking, Professional Services, Finance, Failure, Uncertainty, Commodity, Hamas, FTP, Face, Infection, ETF, ERISA, Reputational damage, FTA, COVID-19, Risk, Federal, AIB (NI), Terrorism, FLEX, WGTS, Judgement, S&P, Prospectus, Trust, Corporation, Investment, PDR, Federal Deposit Insurance Corporation, OTC, Index, Internal Revenue Code, Federal Reserve, Standard, Fund, Marketing, FINRA, Security (finance)

First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

Key Points: 
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA has collective assets under management or supervision of approximately $218 billion as of February 29, 2024 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
  • Please refer to each fund's prospectus and Statement of Additional Information for additional details on a fund's risks.
  • First Trust Advisors L.P. (FTA) is the adviser to the First Trust fund(s).

CIM Real Assets & Credit Fund Announces Monthly Dividends

Retrieved on: 
Thursday, March 28, 2024
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Indian stock exchange, Tax, Risk, Capital loss, Class, NAV, Real assets, Prospectus, Suite, Interval, CIM, Fund, FINRA, Life insurance

CCO Capital, LLC, Member FINRA/SIPC, is the exclusive wholesale marketing agent for CIM Real Assets & Credit Fund.

Key Points: 
  • CCO Capital, LLC, Member FINRA/SIPC, is the exclusive wholesale marketing agent for CIM Real Assets & Credit Fund.
  • Northern Lights Distributors, LLC (4221 North 203rd Street, Suite 100, Elkhorn, NE 68022, Member FINRA) is the distributor of CIM Real Assets & Credit Fund.
  • The Fund will ordinarily pay distributions from its net investment income, if any, once a month; however, the amount of distributions that the Fund may pay, if any, is uncertain.
  • Investors should consider the investment objectives, risks, charges and expenses of the CIM Real Assets & Credit Fund (“Fund”, “CIM RACR” or “RACR”) carefully before investing.

CFP Board Imposes Interim Suspension on Edward Steven Mercer of Coral Springs, Florida

Retrieved on: 
Friday, April 5, 2024
Other Professional Services, Personal Finance, Finance, Asset Management, Consulting, Accounting, Professional Services, Business, Failure, Consent, Certification, Ethics commission, DEC, Code, Motion, Commission, Counsel, Financial Industry Regulatory Authority, Respondent, CFP, Revocation, FINRA, AWC, Financial adviser

Certified Financial Planner Board of Standards, Inc. (CFP Board) announced that it has imposed an interim suspension of the CFP Board certification marks against Edward Steven Mercer, which is effective as of January 31, 2024.

Key Points: 
  • Certified Financial Planner Board of Standards, Inc. (CFP Board) announced that it has imposed an interim suspension of the CFP Board certification marks against Edward Steven Mercer, which is effective as of January 31, 2024.
  • Counsel to the Disciplinary and Ethics Commission (DEC Counsel) issued an automatic Interim Suspension Order suspending Mr. Mercer’s right to use the CFP Board certification marks after CFP Board Enforcement Counsel provided notice to DEC Counsel that there were grounds for an automatic Interim Suspension Order.
  • An interim suspension is a suspension of a CFP® professional’s certification and trademark license during the pendency of CFP Board enforcement proceedings.
  • A Respondent subject to an Interim Suspension Order must not use the CFP Board certification marks, state or suggest that Respondent is a CFP® professional, or hold out to the public as being certified by CFP Board while the Interim Suspension Order is in effect.

First Trust Enhanced Equity Income Fund Issues Notice Regarding March 2024 Distribution

Retrieved on: 
Thursday, March 28, 2024
Asset Management, Professional Services, Finance, Uncertainty, Hamas, FTP, Infection, ERISA, Notice, FTA, Risk, COVID-19, Federal, AIB (NI), Terrorism, Movement, Judgement, Investment, Internal Revenue Code, Federal Reserve, Fund, Calendar, FINRA, Net asset value, Security (finance)

(2) The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital.

Key Points: 
  • (2) The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital.
  • A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."
  • The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

CFP Board Imposes Interim Suspension on Lee Giobbie of Mount Holly, New Jersey

Retrieved on: 
Friday, April 5, 2024
Personal Finance, Finance, Consulting, Professional Services, Asset Management, Failure, Certification, Ethics commission, DEC, Crime, Code, Motion, Commission, Counsel, Respondent, Financial Industry Regulatory Authority, Enforcement, CFP, Revocation, FINRA

Certified Financial Planner Board of Standards, Inc. (CFP Board) announced that it has imposed an interim suspension of the CFP Board certification marks against Lee Giobbie, which is effective as of February 15, 2024.

Key Points: 
  • Certified Financial Planner Board of Standards, Inc. (CFP Board) announced that it has imposed an interim suspension of the CFP Board certification marks against Lee Giobbie, which is effective as of February 15, 2024.
  • After cooperating with Enforcement Counsel’s preliminary investigation, Mr. Giobbie consented to CFP Board entering an Interim Suspension Order against him.
  • Mr. Giobbie’s consent to entry of an Interim Suspension Order is grounds for an automatic Interim Suspension Order under Article 2.1.b.5.
  • An interim suspension is a suspension of a CFP® professional’s certification and trademark license during the pendency of CFP Board enforcement proceedings.

Equitable Announces New Leadership Appointments

Retrieved on: 
Wednesday, March 27, 2024
Professional Services, Small Business, Insurance, Human Resources, Finance, Consulting, Fairfield University, Congress, Investment management, Slavic studies, Equitable Holdings, Growth, Bähr, Retirement, Prudential, Business administration, European studies, Merrill (company), Education, Policy, Small business, MEP, Head, Ursinus College, Pension, Ameritas, PEPS, FINRA, American Council, ADP, Kais, Financial adviser

Company veteran Jessica Baehr, who served as the Head of Group Retirement since 2021, has assumed a new leadership position as the President of Equitable Investment Management.

Key Points: 
  • Company veteran Jessica Baehr, who served as the Head of Group Retirement since 2021, has assumed a new leadership position as the President of Equitable Investment Management.
  • “Equitable Investment Management is a differentiator for Equitable.
  • Her previous leadership roles also include serving as the Chief Operating Officer for the company’s Life and Employee Benefits businesses and Head of Investor Relations for Equitable Holdings.
  • Prior to Equitable, Baehr started her career in the non-profit sector working in higher education and international development.

First Trust Advisors L.P. Announces Distribution for First Trust Enhanced Short Maturity ETF

Retrieved on: 
Wednesday, March 27, 2024
Consulting, Professional Services, Finance, Uncertainty, Hamas, FTP, Face, Infection, ETF, ERISA, Reputational damage, FTA, Risk, COVID-19, Federal, AIB (NI), Terrorism, Judgement, Prospectus, Investment, Federal Deposit Insurance Corporation, Internal Revenue Code, Federal Reserve, Fund, FINRA, Security (finance)

First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

Key Points: 
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor.
  • First Trust Advisors L.P. (FTA) is the adviser to the First Trust fund(s).

Americans Reducing Retirement Savings and Taking on Debt Due to Inflation

Retrieved on: 
Friday, April 5, 2024
Banking, Professional Services, Insurance, Finance, Retirement, Generation X, Millennials, FINRA, Allianz Life, News, Lavigne

The majority of Americans say that the rising cost of living has caused them to reduce their savings.

Key Points: 
  • The majority of Americans say that the rising cost of living has caused them to reduce their savings.
  • Nearly seven in 10 (69%) say they have not been able to contribute to their savings as much due to ongoing inflation.
  • The majority of Americans (51%) say they have taken on more debt because of inflation.
  • More than two in five Americans (42%) say they have dipped into their retirement savings because of inflation.