Diversify Advisor Network Buys Phoenix Firm, Adds Calif. Advisor To Independent RIA

One of the SEC’s commissioners is speaking out against its recent decision to penalize an investment advisory firm for violating a “pay to play” rule against campaign contributions.SEC Commissioner Hester Peirce voiced her dissent following a recent settlement involving Obra Capital Management, in which the firm was found to have violated the SEC’s rule.“Today’s settlement with Obra Capital Manage