Raymond James has settled SEC charges that three of its units improperly charged advisory fees on inactive retail client accounts and charged excess commissions for brokerage-customer investments in certain unit investment trusts (UITs). The firm, a St. Petersburg, Florida-based investment bank and financial services company founded in 1961, has agreed to be censured and will… Read More >>
NY Senate Confirms Superintendent of Financial Services
Acting Superintendent Takes Permanent Post The New York State Senate has confirmed Maria T. Vullo to be superintendent of the New York State Department of Financial Services (DFS). As superintendent, Vullo, who has been acting superintendent since being nominated by Governor Andrew Cuomo to head the department last February, is “responsible for regulating more… Read More >>
