James Iannazzo, who's facing three charges as a result of the incident in January, seeks to plead not guilty and be put on probation for up to two years.
It's an indication the firm is carrying through on its strategy to attract experienced financial advisers who generate more revenue.
No details about closing branches or offices of Wells Fargo Advisors locations were included in the filing with the Securities and Exchange Commission.
A rough calculation puts the independent broker-dealer's forgivable loans at $773 million at the end of last year, up 84% from $419 million a year earlier.
Cambridge says it is prepared to defend itself against the SEC's allegations.
Four Advisor Group broker-dealers recently reported facing 58 investor suits totaling $19.4 million related to the private placement investments.
Three arbitrators took Wells Fargo Advisors to task for what the firm said about Aaron Olson on his Form U5.
Investors' demand for alternative investments such as nontraded REITs and business development companies at the start of 2022 is a harbinger for sales over the remainder of the year.
Clients are demanding access to digital assets. But how — and when — will brokers be able to sell them?
The RIA aggregator reported that it finished 2021 with a bang, closing 22 deals in the fourth quarter alone. For the year, it hit a new high of 38 RIA transactions.
