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