Analyst calls it a "massacre" for some investors
Firm failed to send, or create records that it had sent to customers more than 1.6 million required account notices during the previous 36-month period.
Newly designed products and Blackstone Group's entrance into the industry could pump up the market.
Claimants' invested in a real estate private placement, Sonoma Ridge Partners, as well as nontraded REITs sponsored by KBS.
Kelly Clayton Althar allegedly generated $91K in commissions from elderly client with $308K in assets
Even with Finra's extra attention, countless numbers of rogue brokers are still employed in the securities industry.
Charges by Massachusetts' top regulator relate to the former top-producing adviser Roger Zullo, who allegedly committed fraud in selling variable annuities to retirees.
The firm also addressed the recent departures of groups managing about $2 billion in brokerage assets — including star adviser Ron Carson — on its earnings call.
A looming fiduciary rule, combined with regulations limiting product sales, have experts predicting more consolidation is inevitable
After a tough first month on the job, Dan Arnold will need to be in "damage control mode" as he faces analysts and investors for the first time, according to an industry recruiter.
