Such deals allow them to get out from under the cost of running a broker-dealer, but preserves their brand and culture.
Over an eight-year period, the B-Ds failed to properly supervise sales charge waivers to clients in retirement plans and charitable organizations.
Judge dismisses lawsuit, citing lack of specific details to support allegations.
According to the lawsuit, agents being recruited away have been encouraged to create contact lists and download data on flash drives to later solicit clients.
The claim against defunct broker-dealer EDI Financial Inc. highlights a growing problem of unpaid arbitration awards.
Lawyer says it was 'slimy' of Finra to publicize the case while it was still being litigated
A central argument against the DOL fiduciary rule is that investors with smaller accounts will be abandoned. But many advisers stand ready to serve them.
Despite a trying year, the firm has said it will sweeten signing bonuses for veteran advisers.
They will have to decide if the signing package they are being offered by LPL makes sense. A lot is hanging in the balance.
The deal, part of which is based on the advisers and revenue that eventually will move from NPH, could potentially cost LPL $448 million.
