Michael Bradley faces allegations of "improper recommendation to clients" who bought GPB securities.

Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.

FINRA has been focused on firms and their use of social media for several years.

In regards to the new fund, called WVB All Markets Fund, Morningstar analysts wrote that, "despite the brand-name pedigree of the asset managers involved, most of these strategies are untested."

The competing legal strategies appear contrary to Stifel's public statements about defending its structured notes' tactics.

For decades, the bulk of the retail brokerage industry has moved away from selling expensive, proprietary funds.

LPL is an acquisition machine, but the two deals are designed differently.

An effort by the advisor to move to the bank's independent contractor division proved to be a critical detail to the dispute.

"It should be literally impossible for a broker to put 96% of a client's money in any investment," said one attorney.

The campaign series features "Pitch Perfect" film star Anna Kendrick delivering the message, "What if you could?"