A third-party review found that 200 clients from the New England state bought nontraded REITs that violated LPL's guidelines and are eligible for an average of $40,000 apiece.
Summit Equities sold 1,037 individual variable annuity contracts to its customers during the time period cited by Finra.
DOL fiduciary rule is having some impact, but advisers are still moving within the industry
Mr. Block faces charges of conspiracy to commit securities fraud, securities fraud and making false filings with the Securities and Exchange Commission.
Executive says the pass-through cut to 15% would be a boon to some advisers, but the rate is too low for corporations in terms of gaining bipartisan support and being revenue-neutral.
The firm's independent broker-dealer is playing host to a possible record number of potential recruits at its annual meeting in Orlando, Fla., this week.
The deal marks Ameriprise's first foray into the bank channel.
The top 25 firms collectively reported a decline in revenue for the first time since the 2008 credit crisis, according to InvestmentNews' annual survey
The mid-sized IBD again allegedly failed to supervise sales, this time of UITS
The 25-year veteran of the firm concocted false account statements to establish multi-million dollar lines of credit at two banks.
