Company commences coverage of the newly listed B-D with a 'sell' rating
Looking to diversify and raise cash to pay taxes, big-producing and long-tenured advisers affiliated with LPL dumped shares and cashed out during the company's initial public offering this month.
Voter backlash could preserve indie reps' employment status
Arbitration woes knock Kentucky-based firm out of the business
In what has become an all-too-familiar scene, another broker-dealer has received a cease-business letter for failing to have sufficient capital on hand.
According to officials in Missouri, brokers from two B-Ds unknowingly cold called state securities regulators at their offices, then tried to pitch them on 'can't-miss' investments. But wait, the story gets better.
Former Wall Street chieftains Philip Purcell and David Pottruck’s plan to snatch superstar brokers for a start-up advisory firm and independent broker-dealer is making significant strides as a top broker is preparing to leave the ruins of his old firm and go independent.
Wall Street is likely to lose yet another superstar securities broker to the investment advisory side of the business, as Richard Saperstein prepares to leave JPMorgan Securities and take his $10 billion book of business to a startup, according to sources.
