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
For the third year in a row, LPL Financial plans to institute some kind of fee increase. The one slated for 2014 is on the firm's third-party money management platform and has some advisers unhappy. Bruce Kelly has the story.
Independent broker-dealer division adds 55 reps and advisers.
Cuts don't include client-facing functions.
