The brokerage industry's chief regulator will step down in the second half of 2016 after a successor is found.
Senior columnist Bruce Kelly says the agency going after conflicts of interest means closer scrutiny of RIAs and their businesses.
The broker-dealer served as the clearing firm for customer Scout Trading, and acted as an authorized participant of various exchange-traded funds.
The custodian attracted RIAs with $19 billion in AUM in 2015, its best year ever.
Finra is continuing its crackdown on brokerage firms for failing to give clients discounts for large purchases of investment products.
In SEC filing, Texas REIT United Development Funding IV claims a smear campaign has been mounted to drive down the price of its stock.
They agree with intent of possible legislation, but worry about compliance costs.
Bill Morrissey will return to solely focusing on recruiting and branch development, while Andy Kalbaugh will be in charge of relationship management and business consulting for LPL's reps and advisers.
The company is actively exploring breaking into a U.S. net-lease REIT, an international net-lease unit and an asset management company that creates nontraded REITS and other alts.
Trevor Bond is stepping down two weeks before the firm releases Q4 and yearly earnings. The company said in November it was exploring breaking up into three businesses.
