Agency says Utah broker-dealer failed to document suspicious microcap stock trades
Sterne Agee fired James Holbrook, Jr. in May 2014 for allegedly misusing company assets and spending lavishly on perks.
Brokers in Missouri and Tennessee decide to take indie route.
Deal adds $250 million in assets under management
Veteran female team joins employee unit in Orlando, Fla.
Report predicts 7 million holders of retirement accounts could lose investment advice.
Agency says firm and its CEO failed to disclose fees.
Employee broker goes indie as Sanders Wealth Management in Greenville, S.C.
Firm will pay $650,000 for suitability, compliance and books and records violations.
Investors want help with investments, but sometimes they look beyond financial advisers.
