Management of distressed real estate investment trust United Development Funding IV has been subpoenaed to hand over company documents to a grand jury.
United Development Funding IV's stock price has dropped 81% in the past two months after a hedge fund alleged it was operating like a Ponzi scheme
In the new DOL fiduciary landscape, B-Ds can no longer be dependent on commissions.
Agency concerned about brokers who sell out client positions at old firm to generate commissions at new firm. <b><i>(More: <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">The fiduciary rule covered from every angle</a>)</b></i>
No reason given for why Robert Froehlich has decided not to run for re-election.
Empire Asset Management Group joins up even as the firm's parent company faces bankruptcy. Cetera CEO Larry Roth: "Choosing Cetera reflects the strength of our value proposition."
How could a seemingly vibrant company fall apart so quickly and wind up <a href="http://www.investmentnews.com/article/20160104/FREE/160109987/rcap-files-for-bankruptcy-cetera-to-emerge-as-independent-company" target="_blank">heading to bankruptcy?</a>
Nation's largest independent broker-dealer faces an ugly lawsuit, high turnover and stalled growth. And that's just for starters. </br><b><i>(Related read: <a href="http://www.investmentnews.com/article/20160403/FREE/304039998/the-lpl-stock-buyback-that-launched-a-lawsuit" target="_blank">The stock buyback that launched a lawsuit</a>)</b></i>
Incentives for eligible advisers are from 2% to 11% of their total annual revenue.
Company claims damaging online post was the work of a hedge fund shorting the stock.
