Large Advisors In SEC Crosshairs

In July and August, eight employees left Barclays to form,“ Summit Trail,” a reportedly $3 billion- plus RIA with offices in New York, Boston, Chicago and San Francisco. Another group from Deutsche Bank, Alex Brown in Silicon Valley, formed a reportedly $3 billion- plus RIA,“ Intellectus,” in June. And in May, a group of former Merrill Lynch advisors launched“ Quadrant Private…