After weeks of speculation, Cetera CEO Valerie Brown on Friday announced the company is buying two of MetLife's broker dealers. Bruce Kelly supplies the details.
CEO Tony Thompson's reliability called into question for second time this month.
Tony Thompson blames a dividend cut at his nontraded REIT, TNP Strategic Retail Trust, on his independent board but the directors fire right back, calling his allegations false. Bruce Kelly has the latest.
Head of Commonwealth Capital Securities reaches $1.5M settlement with the SEC over claims of misleading compensation disclosure. And this comes five months after a Finra complaint over misuse of investor cash.
Advisor Group, the IBD owned by AIG, laid off employees this week. Sources outside the company said the lion's share of the layoffs came from Woodbury Financial Services.
Insurer has axed 2,500 reps in the past year.
Property company's buying binge rolls on; rebuffed in March by Cole
