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.
The new CEO takes on a huge acquisition and imposes new rules on incoming financial advisers.
With the DOL fiduciary rule hampering sales of high-commission products like nontraded REITs and BDCs, interval funds are getting more attention.
The fate of Nicholas Schorsch's companies holds lessons for brokers who buy stock in their employers' firms.
Sandlapper Securities used a development company that acted as a middleman to rip off investors in saltwater disposal wells, according to the regulator.
Thomas Melohn joined the firm from Morgan Stanley and Joseph Caselle joined from Merrill Lynch.
