Mike DiMeo

Fiducient Advisors Names Sabrina Bailey as Its Next CEO

Retrieved on: 
Tuesday, July 18, 2023
Employment, NFP, Mike DiMeo, Education, Investment, Towers Watson, The Salvation Army, Woman, L.L.C, LSEG, Mercer, Bailey, Retirement, London Stock Exchange Group, Growth, Fiducial marker, Transamerica Retirement Solutions, Financial adviser, Northern Trust, Hope

CHICAGO, July 18, 2023 /PRNewswire-PRWeb/ -- Fiducient Advisors, an NFP company, today introduced Sabrina Bailey as the firm's next CEO. Bailey most recently served as London Stock Exchange Group plc's (LSEG) global head of Investment and Wealth Solutions. She succeeds Bob DiMeo, the firm's founder, who will become chairman and remain actively engaged in the business. Bailey will join Fiducient Advisors on July 31.

Key Points: 
  • CHICAGO, July 18, 2023 /PRNewswire-PRWeb/ -- Fiducient Advisors , an NFP company, today introduced Sabrina Bailey as the firm's next CEO.
  • Bailey will join Fiducient Advisors on July 31.
  • "I am delighted to welcome Sabrina as our new CEO and am confident she is poised to lead Fiducient Advisors on a continued path of success and growth," said DiMeo.
  • In January, then-current CEO, DiMeo, announced Fiducient Advisors' plan to initiate a nationwide search for the firm's next chief executive officer.

SEC Charges Principals of Subprime Automobile Finance Company with Fraud

Retrieved on: 
Thursday, September 23, 2021
Disclosure, Securities Act of 1933, Security (finance), Sale, U.S. Securities and Exchange Commission, Complex, Mike DiMeo, District court, Associate, Securities Exchange Act of 1934, SEC, Collins

Washington, D.C.--(Newsfile Corp. - September 23, 2021) - The Securities and Exchange Commission today announced fraud charges against two former executives of a subprime automobile finance company for misleading investors about the subprime automobile loans that backed its $100 million offering.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - September 23, 2021) - The Securities and Exchange Commission today announced fraud charges against two former executives of a subprime automobile finance company for misleading investors about the subprime automobile loans that backed its $100 million offering.
  • The complaint alleges that Honor packaged together several thousand automobile loans Honor funded to serve as collateral for the HATS offering, which raised $100 million through the sale of interest-bearing notes to investors.
  • According to the SEC's complaint, Collins and DiMeo took various steps designed to artificially inflate the value of the collateral underlying HATS.
  • The SEC's complaint charges the defendants with violating the anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934.