Core Viewpoint - AtaiBeckley NV has appointed Michael Faerm as chief financial officer, effective March 9, 2026, to enhance its financial strategy as it advances its mental health treatment pipeline [1]. Group 1: Appointment Details - Michael Faerm brings over 25 years of experience in life sciences, equity research, and investment banking [1]. - Faerm's previous roles include CFO at Viracta Therapeutics and interim CFO at Harpoon Therapeutics, which was acquired by Merck [2]. - He has also held positions at Innoviva, Forest Laboratories, and Regeneron Pharmaceuticals, focusing on business development and strategic finance [2]. Group 2: Financial Strategy and Leadership Transition - Faerm will oversee the company's financial strategy, capital markets activities, and overall financial operations [1]. - Current CFO Anne Johnson will transition to chief accounting officer, continuing to lead accounting and financial operations while supporting Faerm [3]. - The CEO of AtaiBeckley, Srinivas Rao, emphasized the importance of Faerm's strategic finance background as the company advances its lead candidate BPL-003 toward Phase 3 [4]. Group 3: Future Outlook - Faerm expressed enthusiasm about joining AtaiBeckley at a pivotal time, with BPL-003 advancing and a strong clinical-stage pipeline [5]. - He looks forward to collaborating with Johnson and the leadership team to support the company's late-stage development [6].

Core Viewpoint - AtaiBeckley Inc has appointed Michael Faerm as Chief Financial Officer, effective March 9, 2026, to lead the company's financial strategy and operations as it advances its clinical-stage programs, particularly BPL-003 moving toward Phase 3 [1][4]. Group 1: Executive Appointment - Michael Faerm brings over 25 years of experience in life sciences, equity research, and investment banking to his new role as CFO [2]. - Anne Johnson, the current CFO since 2024, will transition to Chief Accounting Officer, ensuring continuity in financial operations [3]. Group 2: Company Strategy and Pipeline - AtaiBeckley focuses on developing rapid-acting, durable mental health treatments, with a pipeline that includes BPL-003 for treatment-resistant depression, VLS-01 for treatment-resistant depression, and EMP-01 for social anxiety disorder [5]. - BPL-003 is currently in Phase 3 planning, while VLS-01 and EMP-01 are in Phase 2 clinical development [5].

BofA offers art consulting to wealthy clients as collectors increase loans demand | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Staff members handle an art piece by Pablo Picasso, displayed for auction at Sotheby's exhibition "Origins ll" in Riyadh, Saudi Arabia, January 25, 2026. REUTERS/Hamad I Mohammed NO... [Purchase Licensing Rights, opens new tab] Read moreNEW YORK, Feb 18 (Reuters) - Bank of America is launching an art con ...

A class action lawsuit targeting JPMorgan Chase’s cash sweep program can move forward after a federal judge rejected the bank’s request to dismiss the suit, Reuters reported Friday (Feb. 13).By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no ad ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. &Partners, a St. Louis-based hybrid broker/dealer launched by David Kowach, the former president and CEO of Wells Fargo Advisors, has added two advisor teams in the last two weeks with a combined $250 million in pre-hire assets under management. That includes Four Lights Advisors, a Leesville, S.C. practice with about $125 million in pre-hire assets. The business, which is led by founders and w ...

Core Viewpoint - A Long Island-based investment advisor, Jeffrey Slothower, has been sentenced to six years in prison for defrauding clients out of over $1 million through fraudulent investment schemes [2]. Group 1: Fraudulent Activities - Slothower used his position to steal over $1 million from clients, fabricating profitable returns to fund personal expenses and pay off credit card bills [2]. - He was convicted of wire fraud, investment advisor fraud, and money laundering, receiving a 72-month prison sentence and ordered to pay over $1.16 million in restitution and forfeiture [2]. Group 2: Background and Operations - Slothower registered as a financial advisor in 2002, working for firms like Goldman Sachs, Northwestern, and Merrill Lynch before running Battery Private, which terminated its SEC registration in 2017 [3]. - He solicited a couple from California, promising to outperform their current investments without market risk, and offered to invest in bonds backed by homeowner's association fees with an 8% return [3][4]. Group 3: Misuse of Funds - The victim sent over $500,000 to Slothower for investment in the promised bonds, but he misappropriated the funds for personal purchases, including a $125,000 Mercedes-Benz SUV and golf club membership dues [4]. - Slothower continued to solicit funds from the victim while falsely claiming to make quarterly distributions, eventually involving the victim's spouse [5]. - Instead of investing the funds, he used the money to pay off credit card debts and make luxury purchases, including a Chanel purse for approximately $6,500, a Rolex watch for $13,000, and $11,000 in Ralph Lauren clothing [6].

Core Insights - First Northern Community Bancorp has appointed Jean-Luc Servat to its Board of Directors, effective February 1, 2026, enhancing the Board's expertise in corporate strategy and capital markets [1][3] Group 1: Appointment and Experience - Jean-Luc Servat is the Founder of Panoramic Capital Advisors Inc., where he advised over ten organizations and executed 23 transactions valued at more than $2.6 billion, primarily in the banking sector [2] - Servat has 45 years of experience in investment banking, having held leadership positions at Merrill Lynch and Royal Bank of Canada, advising on over 120 transactions and raising over $70 billion in capital [3] Group 2: Strategic Importance - The addition of Servat is expected to provide valuable insights into evaluating growth opportunities and enhancing long-term shareholder value, aligning with the company's balanced approach to growth [3] - His extensive experience in acquisitions and capital markets will strengthen the Board's oversight and strategic guidance, particularly in capital allocation and disciplined growth [3][4] Group 3: Company Overview - First Northern Bank, established in 1910, is an independent community bank serving multiple counties in California, specializing in relationship banking and various lending services [5] - The bank is recognized as a Veribanc "Green-3 Star Blue Ribbon" Bank and a "5-Star Superior" Bank by Bauer Financial for the earnings period ended September 30, 2025 [5]

Company Overview - Elevation Point, a minority investor in independent and breakaway advisors, has taken a minority stake in Forta Wealth Partners, an Indianapolis-based firm managing over $900 million in assets [1] - Forta Wealth Partners was previously known as The Turner Group within Merrill Lynch Wealth Management [1] Leadership and Team - The Forta team is led by principals and wealth advisors Will Turner, Jon Shurtz, and Harrison "Taylor" McDougal, with Turner having a 20-year tenure at Merrill Lynch [2] - The team also includes Brandon Marvel (associate, client services), Holly Hynes (manager of team and client services), and Madeline Armstrong (financial advisor) [2] Historical Context - Jim Dickson, former CEO of Sanctuary Wealth and a key figure in the establishment of Forta, provided Turner with his initial job offer at Merrill Lynch two decades ago [3] - The firm serves clients across 26 U.S. states, focusing on C-suite executives, business owners, wealthy multi-generational families, physicians, endowments, non-profit organizations, and professional athletes [3] Services and Offerings - Forta Wealth Partners provides retirement plan advisory services to 401(k) plans and aims to offer unique private investments to clients [6] - The firm has selected Goldman Sachs Custody Solutions for custodial services, enhancing its partnership with Goldman Sachs to provide advisors with access to banking, lending, trading, asset management, and capital markets capabilities [4] Strategic Differentiation - The ability to offer unique private investments is highlighted as a key differentiator for Forta, catering to clients who seek such opportunities [6]

Core Insights - Shift4 Payments, Inc. is actively integrating its acquisition of Global Blue, enhancing its payment solutions through investments in AI and tokenization [1] Company Overview - Shift4 Payments, Inc. (NYSE: FOUR) is a leader in commerce-enabling technology, processing billions of transactions annually for a diverse range of businesses [4] - The company offers an end-to-end solution that includes secure payment processing, point-of-sale systems, and advanced software integrations across various sectors [4] Leadership Profile - Taylor Lauber has been with Shift4 since 2018, serving as CEO and Chairman of the Board, and has a long history with the company dating back to his internship 25 years ago [2] - Prior to Shift4, Lauber held significant roles at Blackstone and Merrill Lynch, showcasing a strong background in finance and strategy [3]

Core Points - Rep. Julia Letlow reportedly violated the STOCK Act by failing to disclose 224 stock and bond trades within the required 45-day reporting window [2][5] - The value of these trades ranges between $225,000 and $3.3 million, including shares of major companies like Alphabet, Amazon, Apple, and Meta [3][4] - Letlow's office acknowledged the violation, stating that the trades were managed by Merrill Lynch without her direct involvement [5] Legislative Context - Letlow's delayed disclosures occur amid a bipartisan effort to ban Congress members and their families from trading individual stocks, highlighted by the introduction of the Restore Trust in Congress Act [6] - The STOCK Act, signed into law in 2012, mandates that Congress members disclose transactions over $1,000 within 45 days, with penalties for violations [7]