Firm executives would not comment during its earnings call on a report that emerged last month that it was exploring a sale.
Ruling could have implications for other advisers in independent broker-dealer channel.
Investment bank called in to evaluate what LPL considered a low-ball offer, sources said. (Related read: <a href=""" target="”blank"" rel="noopener noreferrer">LPL Financial's problems keep piling up</a>)
Wirehouse says Sandy Galuppo, who reportedly had $1.4 billion in client assets, had lost management's confidence.
Fair compensation for women in the financial services industry remains a sore point.
Executive has been listening to advisers' worries for months, and finds serious confusion remains about responsibilities under the new regulation.
SEC makes preliminary determination for a possible enforcement action against UDF IV as Nasdaq moves to delist the REIT's shares.
Regulator said reps were incentivized to sell firm's annuities and discouraged from selling non-proprietary products.
Adviser loaded up client with alts beyond what his risk profile indicated, according to state agency.
The DOL version may be cumbersome, but there are enough examples of bad behavior in the business to justify tightening regulatory standards.
