Two former chief executives of mutual fund companies that built their businesses on the direct-sold model are in the position to make money as a result of the pending LPL Investment Holdings Inc. initial public offering.
Sanders Morris Harris Group Inc., a wealth management broker-dealer that owns Edelman Financial Services LLC, indicated in its quarterly report that regulators have decided to recommend disciplining the company.
Independent representatives and broker-dealers gained allies in the House leadership who will work with them to maintain their reps' status as independent contractors
But firm added 161 advisers overall in 3Q, CFO Robert Moore says
LPL Investment Holdings Inc. will make its market debut Nov. 17, according to sources familiar with the firm's planned initial public offering.
Warrant issued for man who allegedly steered Chargers' Buster Davis into airplane hangar investments
Next Financial Group Inc. has been hit with a significant regulatory action for the third time in three years, with Finra this month levying a $400,000 fine and $102,000 in restitution to clients.
Anderson Strudwick Inc., a small, Richmond, Va.-based regional firm, continues to pick up offices and reps of troubled broker-dealers.
State security officials say they're ramping up oversight of leveraged and inverse exchange traded funds. The chief worry? Brokers themselves may not understand how the complex products actually work.
