A broker-dealer that was a prominent seller of high-risk private placements that wound up going bust has almost wiped the slate clean of costly litigation that could have impaired the firm's financial condition.
In a major hire for his new registered investment advisory firm, CWM LLC, Ron Carson has announced that well-known veteran investment adviser Rob Isbitts will become chief investment officer of the firm, which was launched July 1
Investors Capital Holdings Ltd., a publicly traded independent broker-dealer that put itself up for sale this month, could be an attractive acquisition for LPL Investment Holdings Inc. and several other large broker-dealers, according to analysts
Ted Charles, founder of Investors Capital Holdings, aims to sell a majority stake in the publicly traded indie B-D
It's taken a while, but Ted Charles finally cashed out his entire stake in Investors Capital, the publicly traded B-D he founded. The real surprise: who he ended up selling to.
Despite denials by Mutual Fund Store founder Adam Bold, sources claim the giant RIA is on the block. One says the firm is being valued at around $300 million.
Trustee petitions judge to issue subpoena to fund firm's National Financial Services unit; examining the money trail
Putting an end to a bitter dispute over the sale of failed private placements, Securities America Inc. has agreed to make whole 63 Massachusetts clients who bought $5 million of failed notes issued by Medical Capital Holdings Inc.
Finra president Richard Ketchum says brokerages must make certain reps understand how complex financial instruments work -- before hawking them to clients.
Finra is continuing to shake up the way broker-dealers show the value of illiquid investments such as nontraded real estate investment trusts and private placements on clients' account statements
