Patrick Donachie is a Staff Writer at WealthManagement.com. He focuses on a range of topics including law and legal affairs, finance, investment, and government and politics, with particular emphasis on lawsuits, cyber attacks, and wealth management. His work has been featured in CFP Board, MFWire, and Yahoo Finance.
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United States (National)
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Patrick Donachie's coverage primarily focuses on legal and compliance matters within the financial industry, particularly related to fraud, regulatory compliance, and government announcements. He also covers business and industry-related topics such as investment firms and financial planning.
Given his focus on legal policy regulations, he would likely be interested in expert commentary from individuals with knowledge of financial law and regulation or those directly involved in the cases mentioned. Additionally, sources with insights into emerging trends in regulatory compliance or specific cases related to fraud within the financial sector could capture his attention.
As Patrick’s geographic focus is not specified but appears to be based in the United States due to article subjects like SEC regulations and FINRA settlements. Therefore, experts familiar with US-specific financial laws and regulations may have a greater impact when reaching out for potential collaboration.
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By: Patrick Donachie
Lawsuit claims financial institutions failed to detect red flags in Christopher Delgado's $328 million Goliath Ventures fraud scheme that ran for three years.
The regulator will examine how firms supervised "worst-of" structured notes, with a focus on their compliance with best-interest standards.
Cebert Wealth Advisors works with more than 1,700 clients and focuses on The Villages, a booming retirement community based in Central Florida.
The seven-advisor group based in The Villages serves over 1,700 clients and will transition with an 11-person support staff
The class-action suit was filed by six former employees, who claim the firm’s client-transfer policy results in lower compensation and fewer promotions for Black advisors.
Regulators at FINRA's annual conference argued AI-powered advice and social media personalities create new compliance challenges, with self-directed investors particularly vulnerable to misleading guidance.
Regulators at FINRA's annual conference argued AI-powered advice and social media personalities create new compliance challenges, with self-directed investors particularly vulnerable to misleading guidance.
By: Patrick Donachie
In her decision, Judge Maryellen Noreika claimed Prime Capital had “taken an act-first, ask-for-forgiveness-later approach” when enticing Edelman advisors to leave the firm.
Despite widespread artificial intelligence adoption, investment firms actively deploy the technology in only two of 20 compliance and operations sub-functions; one ACA Group representative described AI usage as “a mile wide and an inch deep.”
Smaller advisory firms face a Wednesday deadline to comply with updated SEC rules requiring incident response plans and stricter vendor oversight for data breaches.
