Last week, Massachusetts sued LPL for its sales and marketing of a popular nontraded REIT. Expect the plaintiffs' bar to swoop in as well.
Brokers at Edward Jones are being asked to sign a new employment contract. While the agreement is not new, the tough wording has caught some reps by surprise.
According to a lawsuit filed by The Hartford, three former senior execs of Woodbury Financial lifted confidential information just before they jumped ship.
While other insurers sell off their indie broker-dealer units, AIG is buying. Indeed, Tuesday's acquisition of Woodbury Financial looks to be the first in what could be a string of deals.
Announcement of a deal for the 1,600 reps and advisers is expected before indie B-D's national sales conference next month
The head of MetLife's broker-dealer operations has parted ways with the insurer. So far, the carrier's management has offered no explanation for the departure.
Eight of the largest nontraded REITs have lost 37% of their equity value over the past seven years, according to an analysis conducted on behalf of <i>InvestmentNews</i>.
Latest RIA deal as managers look to beat capital gains hike
Finra's Susan Axelrod cites lack of 'reasonable diligence' by sellers of nontraded REITs
