Larry Roth's old firm might be the next target for Nick Schorsch's hard-charging broker-dealer, says senior columnist Bruce Kelly. <i><a href="//www.investmentnews.com/gallery/20140116/FREE/116009999/PH"" target=""_blank"" rel="noopener noreferrer">Plus: See the biggest recent indie B-D M&A deals</a></i>
Firm's head of retail, Robert Okin, resigned last week. On his BrokerCheck page, he says that he "intends to vigorously defend himself if charges are filed."
LPL Financial last month was hit with a $2 million fine, and ordered to pay $820,000 in restitution, for failing to maintain adequate books and records documenting variable annuity exchanges.
After getting broker-dealers like LPL Financial to sign selling agreements, asset manager Cole Capital expects to raise $3.1 billion this year for American Realty Capital Properties.
Morgan Stanley loses Finra arbitration dispute to Banco Nacional de Mexico SA, the Mexican bank known as Banamex.
Net revenue per adviser up 14%, reaches $468,000
Sunset Financial Services has 268 affiliated reps and $2.4 billion in client assets.
Analysts highlight the leading IBD's string of regulatory issues
Matthew Bell has checkered history in securities industry.
American Spectrum Advisors, the adviser to the American Spectrum REIT I Inc., this month offered to buy 1.6 million shares of the moribund REIT for $1.25 per share. The shares were originally sold for $10 per share.
