Latest lawsuit alleges widespread misuse of investor funds abetted by the brokerage firm.
Clients accused Lee Weiss of recommending an unsuitable investment in a Polish tobacco company.
National Holdings Corp. said it reached an agreement to be acquired by Fortress, a biopharmaceutical company.
CEO Ron Kruszewski says margins were lower in the wealth management group because of its recent acquisition's independent advisers.
Records of thousands of clients were exposed to foreign hackers, regulator claims.
James 'Jeb' Bashaw charges broker-dealer trumped up charges to steal his lucrative practice in Houston.
Pershing COO says B-Ds are caught in a vise and need help with easing internal expenses.
Claims institutional investors are committed to the independent broker-dealer business.
UDF IV, which had its shares stop trading in February after its offices were raided by the FBI, says its own investigation of its business found no evidence of fraud.
Independent broker-dealers that sold the distressed series of UDF real estate investment trusts could soon be facing arbitration claims from angry investors, according to Alan Rosca, a plaintiff's attorney.
