Mindy Diamond Quoted
By Brooke Southall
In what could well be an emerging trend of making a final goodbye out of what used to be just a wrist-slapping infraction, Merrill Lynch fired an advisor team from its elite Private Banking and Investment Group for advising clients on the purchase of a hedge fund not on the Merrill Lynch platform.
“If they were to become an RIA and give up series 7, then trading away is not bad at all,” notes Mindy Diamond, principal of recruiting firm Diamond Consultants of Chester, N.J., in an e-mail.
