Settlement claimed firm let brokers sell excessive amounts of alternative investments as a percentage of their clients' total portfolios.
The company said the DOL rule has created uncertainty on the part of advisers.
How do firms and brokers or executives continue to make the same sorts of mistakes while Finra and the SEC consistently miss the transgression?
Securities America, Cambridge and Commonwealth are winning advisers, but LPL may still retain 50% to 75% of NPH revenue
Platform allows advisers to value their businesses and search for practices to buy using a variety of filters.
Deal with California-based Trilogy Financial comes as other big advisory firms have decided to leave.
Racked by a scandal in its retail banking unit, Wells still managed to add 37 new advisers in the third quarter, a small number but an improvement nonetheless.
Given the stark decline in the number of brokerages over the past 10 years, the chief regulator is looking for 'steps we can take to create an environment to help small firms be successful.'
London-based European Wealth Group is acquiring the U.S. independent broker-dealer, which has about 200 reps and advisers.
Jack McBride allegedly wrote checks to a client to cover margin interest charges, while Stuart Pearl allegedly made unsuitable recommendations.
