Kimberly Pine Kitts, who was formerly an advisor in the Cape Cod area, has been charged by the Securities and Exchange Commission with of stealing more than $3 million from clients’ investment and retirement accounts. So reports Think Advisor.
Jack Brod, who was head of U.S. sales and distribution for RIAs, broker-dealers and banks at Vanguard before retiring, has been elected as chairman of the Board of Directors of the Certified Financial Planner Board of Standards. So reports Financial Advisor Magazine.
Private equity firm Genstar has purchased a majority stake of Cetera for roughly $1.7 billion, which has put an end to speculation that the broker-dealer will be rolled into a rival firm, such as the Advisor Group or LPL Financial. So reports Financial Planning.