The SEC charged the firm's former chairman in September with fraud.
Finra suit charges Forte with churning the account of an elderly, mentally incompetent client
Recent moves at LPL Financial make it clear that the firm will target more brokers who now work at wirehouses.
Over eight years, the wirehouse made at least 1,462 prohibited sales in 325 IPOs, including shares of Facebook, LinkedIn and Twitter.
Ancora Advisors made political contributions and then provided adviser services to public agencies.
The 13 additional unregistered brokers sold more than $350 million of the Ponzi's notes
Regulators are making inquiries into GPB and the broker-dealers that sold their fund shares, according to sources.
Securities and banking regulators are continuing to focus on anti-money laundering procedures and policies.
After a period of decline, the regional brokerage industry is scoring recruiting gains at the expense of wirehouses.
The independent B-D's owner, Stone Point Capital, has tapped Goldman Sachs to lead the deal.
