Indie B-D Brookstone Securities ceased operations last night, just weeks after a Finra panel ordered it to pay $2.6M in fines and restitution for selling CMOs to seniors. Sources claim the brokerage's reps were not paid today.
Cliff Popper, a broker notorious for high living and high commissions from sales of mortgage-backed securities, committed suicide on Tuesday.
Wells Fargo B-D aims to reward reps who bring in new business; no longer 'recruit or die'
Arnold named CFO; currently head of strategy
