BD Loans Raise Fines, Conflict of Interest Worries

The SEC recently took action that may be felt across the industry when it levied fines on two registered investment advisors this week. Kestra Private Wealth Services was censured for $50,000 for its failure to disclose $1.8 million in loans from its broker-dealer to its clients. According to the SEC, Kestra “did not disclose the […]