Private equity-backed firms are competing to consolidate the independent investment advice industry, but few advisers want to sell themselves.
In some 40 years at Chase and its predecessors, Lee was involved in nearly every big-ticket deal on Wall Street.
The mortgage debt collector witheld information from investors about increased costs as it had to correct an illegal and unsustainable business model, a lawsuit alleges.
A major shareholder in Ocwen affiliate Home Loan Servicing Solutions believes investors would have blocked the deal if they had been allowed to vote.
