Patrick Donachie is a staff writer for WealthManagement.com, covering a wide range of topics in the financial industry. With a focus on legal and regulatory issues, Patrick's articles provide insights into fraud cases, industry regulations, acquisitions, and other developments that impact financial advisors and their clients.
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United States (National)
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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The Federation of Americans for Consumer Choice and several co-plaintiffs claim the Department of Labor wants to “fundamentally reshape” settled industry practices.
By: Patrick Donachie
According to the settlement letter, third parties used the firm’s cash management brokerage account to withdraw funds from accounts they’d illegally accessed at other financial institutions.
The two Lincoln firms will join the broker/dealer as stand-alone entities before being converted in the coming months, according to Osaic, which is also still rolling in the Advisor Group legacy b/ds.
Thomas Hofstetter and Daniel Baron will join the Ohio-based DayMark, a Dynasty Financial Partners member firm managing about $2.5 billion in assets.
The IBD filed a notice to appeal with the First Circut Court of Appeals after a Massachusetts federal judge ruled in favor of the Securities and Exchange Commission.
By: Patrick Donachie
The five advisors are based in Newton Lower Falls, Mass. and will form Lightship Wealth Strategies.
By: Patrick Donachie
The five advisors are based in Newton Lower Falls, Mass. and will form Lightship Wealth Strategies.
By: Patrick Donachie
Kelly Milligan filed a class action complaint in federal court, arguing he lost $500,000 in deferred compensation after leaving the wirehouse several years ago. One attorney estimated more than 1,000 former Merrill advisors have a similar story.
By: Patrick Donachie
The debt is the “final piece” connecting CI to U.S. wealth management business Corient, CEO Kurt MacAlpine said on an earnings call.
By: Patrick Donachie
The commission’s proposal will make it more difficult for clients “to use false identities to establish customer relationships” with advisors, according to Chair Gary Gensler.
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