Finra is said to be investigating a handful of broker-dealers that sold VAs with subacccounts invested in hedge funds. Clients who bought the products lost $18 million, says an attorney.
"Challenging" market environment leads to slightly lower price for ARC IV.
By imposing heavy fines as a way to deter illegal conduct, Massachusetts' securities regulator is making his mark.
Sales of nontraded REITs and other illiquid securities are surging even as stocks hit record highs. Talk about diversification.
Nontraded REIT Cole Real Estate shareholders OK a listing on the New York Stock Exchange. The stock will begin trading tomorrow but the price is still uncertain.
As new chief executive, longtime compliance chief Erica McGinnis is breaking gender barriers and filing some big shoes.
After settling with five independent broker-dealers in May over nontraded REIT sales practices with a $6.1 million deal, Massachusetts' top securities cop, William Galvin, has closed Round 2. Bruce Kelly has the latest details.
A UBS analyst has increased the price target of LPL's shares, citing the potential for continued growth at the firm, which struggled — as did competitors — with recruiting in the first half of the year, but saw a recent uptick in additions.
Claimant's lawyer called it the 'most egregious case of churning' he has ever seen
Sykes bulking up new firm, JHS; set to acquirer broker-dealer of Paulson Capital
