The settlement with Baird stems from Finra's 2020 targeted examination regarding rights of reinstatement.
"Perry is a very talented, sharp person, who's been bumped up from recruiter to head of a region to leading a division," says one industry executive.
'Interest rates are coming back, so where you put clients' money in cash is an issue again,' one attorney notes.
Bellevue, Washington-based iCap focused on developing apartment buildings and stand-alone real estate.
'The financial advisor recommended he put the entire amount in GWG L bonds,' the claimant's attorney says.
The failure to make adequate disclosures is a violation of federal securities laws, according to the complaint.
LPL also hit with $40 million charge related to the SEC's ongoing investigation of electronic communications.
'We are starting to pound the table a little bit about listed REITs,' says Rich Hill of Cohen & Steers.
The process of moving TD RIAs onto Schwab's platform was 'imperfect,' says CEO Walt Bettinger.
'It takes a lot of capital to do this,' Captrust's Rush Benton said in Philadelphia Tuesday.
