Four-person group joins the Alex. Brown division of Raymond James.
But no fines or restitution imposed because two of the three have filed for bankruptcy.
Investment Adviser Association and NRS also say number of firms increased by 2.7% year over year.
Brokers implied government affiliation or approval, says enforcement action
William Galvin reiterates support for fiduciary standard in letter to DOL.
Kenneth L. Jones had been terminated for not disclosing outside business.
Separate four-person and two-person groups join employee unit in Tucson, Ariz.
Founders of the RIA will stay on and use proceeds to expand into new markets.
Anthony Vincent Ferrone refused to provide complete testimony at Finra hearing
Will retain role as chief investment officer.
