A barred financial advisor fired by Edward Jones more than three years ago is facing criminal charges in connection with an alleged scheme that defrauded an elderly widow out of close to $1 million.

Acting SEC Chair Mark Uyeda on Tuesday said he has asked the agency's staff to evaluate whether the regulator should shift oversight of some mid-size investment advisors to state regulators.

Kestra Holdings subsidiary Bluespring Wealth Partners has hired an experienced LPL Financial executive to oversee strategic growth efforts as Kestra's acquisition arm further bolsters its leadership.