PFS Investments Inc. this year has batted away a handful of similar arbitrations stemming from brokers' mismanagement of public pension plans in Florida.
To benefit an animal-rescue charity effort that LPL is undertaking, LPL's usually clean-cut CEO Mark Casady is growing a beard. This week, he posted a Photoshopped “Duck Dynasty”-style beard on Twitter.
Finished with its acquisition of Morgan Keegan & Co. Inc., Raymond James Financial Inc. plans to refocus on recruiting, which was depressed across the industry in the first half of 2013, chief executive Paul Reilly said Thursday, a day after the firm reported record profits.
State regulators see uptick in actions against RIAs but even though the increase is considered inevitable, it exposes compliance flaws. Bruce Kelly reports.
Wall Street continues to intensify its loving gaze on the domain of independent broker-dealers and the alternative investments they're selling. This time, the Street's sights are on nontraded REITs.
Insiders of nontraded REITs typically own far fewer company shares than executives of publicly traded REITS, and that's beginning to influence how B-Ds sell, or don't, their shares. <i><a href="http://www.investmentnews.com/gallery/20131114/FREE/111409999/PH">(<b>Plus</b>: Look inside the ownership of 11 big nontraded REITs)</a></i>
Gilman Ciocia has 160 independent financial reps, advisers.
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.
