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.
New reg mandates changes to customer account statements that better reflect true value of nontraded REITs.
Independent broker-dealers face a series of hurdles as they try to revive flagging REIT sales.
Vereit, formerly ARCP, received a request to redeem millions worth of “operating partnership” units from affiliates of its former manager run by Mr. Schorsch.
