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The mergers, acquisitions and deals you may have missed the week of May 10, 2021.
Several deals hit the wire this week.
Canadian serial RIA acquirer CI Financial announced that it entered the San Diego market, adding Dowling & Yahnke, an RIA with $5.6 billion in assets under management, to its portfolio.
An LPL Financial office of supervisory jurisdiction with $3 billion in AUM acquired U.S. Financial Advisors in Braintree, Mass. The firm manages about $750 million in client assets.
Another Canadian firm that’s been building out its U.S. arm, RBC Wealth Management, picked up a firm in Princeton, N.J., that managed $1.6 billion in AUM and consulted over $5 billion in retirement plan assets, endowments and foundations at UBS Wealth Management USA.
Police can edit evidence but are obliged to stay truthful over fear of lawsuits. Author: Jack Molmud (KFMB), Jesse Pagan Published: 6:51 PM PDT May 11, 2021 Updated: 7:21 PM PDT May 11, 2021
SAN DIEGO COUNTY, Calif. Escondido Police Officer Chad Moore’s body camera recorded the moments he shot and killed homeless resident Steven Olson in Escondido the morning of April 21, 2021.
The public got a chance to view that footage eight days later when a video about the incident was posted to the City of Escondido’s YouTube channel.
There you can see Officer Moore approach Olson, who was carrying metal objects, and point his gun at him. Olson walked toward him for a few feet while the officer told him to get back.
SAN DIEGO
On Friday morning, federal prosecutors unsealed an indictment charging four former Minneapolis police officers with violating the civil rights of George Floyd, whose death last May set off months of nationwide protests.
Among the charges in the indictment is an allegation that two of the former officers, J. Alexander Kueng and Tou Thao, violated Floyd’s right to be free from unreasonable seizure because they did not intervene to stop their colleague, Derek Chauvin, as he knelt on Floyd’s neck.
While those federal charges are separate from state laws Kueng, Thao and the fourth officer, Thomas Lane, are slated to go on trial in August on state charges of aiding and abetting second-degree murder and manslaughter the duty to intervene when a fellow officer uses excessive force is one that’s mandatory for California law enforcement officers.
“Steve did not deserve what happened to him last week,” said Yusef Miller, homeless activist.
Family members were joined by homeless advocates, friends and other Escondido community members for a candlelight vigil at West 2nd Avenue and Broadway, where Steven Olson was killed.
“He fell on some hard times. He was down the wrong path but nothing he did deserve this kind of treatment,” Nicholas Olson said.
Many people in this group have protested in front of the police department several times since Steven Olson s death. They are asking officer Moore to be terminated and charged criminally.
So far, Escondido Police say an investigation is underway by the EPD crimes of violence unit and will be independently reviewed by the San Diego County District Attorney s office, U.S. Attorney s office and the FBI to determine if the officer s actions were reasonable under the law.