LPL Financial last month was hit with a $2 million fine, and ordered to pay $820,000 in restitution, for failing to maintain adequate books and records documenting variable annuity exchanges.
Benjamin W. Wong jumps ship as LPL begins absorbing his former firm.
Lebenthal Holdings stands to triple the size of its new wealth management unit with the acquisition of the business of two Morgan Stanley brokers. But that's just the beginning, if CEO Frank Campanale has his way.
Sunset Financial Services has 268 affiliated reps and $2.4 billion in client assets.
Analysts highlight the leading IBD's string of regulatory issues
New rules proposed by Finra will make fees more transparent, but could result in lower upfront commissions for brokers, Bruce Kelly reports.
Finra claims that real estate investments were unsuitable for two retired California school teachers. Mark Schoeff has the story.
LPL is losing one of its leading recruiters, in the wake of three other recruiters resigning in the past year and a half.
Betterment Institutional for advisers will launch by early 2015, CEO says.
New deals are being announced, while others are being completed.
Public pressure on Finra's expungement process has arbitrators thinking twice about erasing disclosure events, attorneys on both sides agree.
It's important for advisers to not show surprise or resentment when fee questions are raised by clients.
$52.5 million cash and stock deal scheduled to close on Friday.
Trend of small and midsize broker-dealer mergers and acquisitions continues to build.
The broker-dealer saw its shares dip again on Thursday after it lowered the price of its secondary offering. That follows a 37% decline in the company's share price in the past month. Investors, however, could stand to benefit. Bruce Kelly has the story.
Between <a href="http://www.investmentnews.com/article/20140529/FREE/140529913">RCAP's stock offering</a> and real estate firm's executive comp plan, Nicholas Schorsch and his team could enjoy a multimillion-dollar payday.
A deal, which would combine two of the biggest U.S. brokerages outside of New York, could be announced within days, according to a person with direct knowledge of the matter.
Raymond James Financial continued to build on momentum as pretax profit in the private client group hit a record in the firm's third fiscal quarter, jumping 39% as profit margins reached 10%. What's CEO Paul Reilly doing right?
Finra charges broker Dean Mustaphalli opened fund and received commissions without disclosing the business to his firm. Whether Sterne Agee clients were affected remains a mystery.
Patricia Miller promised clients high yields if they went into “investment clubs.”
