Short sellers' claims against B Riley are 'often accompanied by outrageous personal harassment,' the company says.
"This is more bad news," says a plaintiff's attorney.
Minority investors are more likely to engage in risky investments such as meme stocks, cryptocurrencies, and options, according to a report from the Finra Investor Education Foundation.
'A lawyer may tell an advisor like this, there's no upside in responding to Finra, just leave the industry,' says a senior brokerage executive.
The acquisition of Atria will transform LPL 'from a leading player in the space into a category killer,' analyst says.
‘When I got here in 2016, I had no idea who the alternative investment sponsors were,’ says Jamie Price of Osaic.
LPL's equity purchase of Atria will cost the firm at least $805 million.
'This appears to be more of a reflection on Stifel,' one industry recruiter says.
Text messaging issues at broker-dealers and RIAs could have been avoided with some regulatory guidance, compliance expert says.
'Somewhere in the firm's systems, a big, flashing red light should have gone off,' one attorney says.
