"The company has reached new highs by every measure under his leadership,” one recruiter said.
“This is progress for GPB investors and their financial advisors," said one senior brokerage executive.
Ramsey Solutions’ unsolicited text messages allegedly caused the plaintiff “actual harm."
B. Riley Financial's share price has dropped more than 68 percent over the past 12 months.
Ages Financial Services had about 60 financial advisors registered under its roof.
“This is not an enormous surprise. The equity of the firm was materially undervalued by the public market,” one banker said.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
“After learning about a bad actor who is barred, the securities industry should have a responsibility to put clients on notice,” one lawyer said.
“There’s a substantial demand by advisors to get into that client referral program," one industry executive noted.
Like so many bureaucracies, Finra has a tin ear.
