Finra hits LPL, Interactive Brokers with fines as 2023 closes.
But what will the ultimate asking price for Osaic be as the firm moves toward an IPO?
Louis Goff and others had been charged with raising $2.1 million from investors in a fraud from 2019 and 2020.
'The broker-dealers are the toll collectors of trading volume.'
Finra alleges a southern California broker kicked back $900,000 in commissions to non-registered sales person.
"It's not a good day for Austin Dutton," says one attorney.
GPB's founder was an accountant who couldn't do the firm's accounting.
The 1,450 financial advisors involved in the transaction oversee approximately $108 billion in assets.
Merrill has consistently been the brokerage firm paying the lowest rates on swept cash, according to a suit filed by Merrill Edge client.
The wirehouse is emphasizing better pay for advisors who sell alternative investments and offer loans to clients.
