Galvin's tally for investors this year tops $11M, fines reach $1.4M
IBD signs up six firms with total of $3.75B in assets; adds 15 advisers.
Firm says its registered reps are looking to join another B-D
The tale of American Beacon Partners, a midsize broker-dealer that found itself staring at an uncertain financial future last week, is a lesson in due diligence for reps seeking a change.
Questions are being raised about the financial health of Allied Beacon. A rep and several recruiters say the midsize broker-dealer has informed advisers it's in violation of the SEC's net-capital requirements.
Judge denies most claims; next stop is Finra arbitration.
A brother and sister team with strong family ties to Salomon Smith Barney have left Morgan Stanley to go indie. The brokerage, said the brother, 'wasn't the same company we grew up with'.
An attorney for brokers who left John Thomas Financial claims Finra is probing whether the brokerage tried to intimidate the departed reps.
Long-time executive had most recently been lobbying in Washington for independent broker-dealers
Finra on Tuesday slapped LPL with a $7.5M fine, its largest ever for an email-related case. The brokerage allegedly failed to adequately oversee 28 million electronic messages over a four-year period.
In regulatory cross hairs, broker-dealers are putting limits on products and revising policies.
Firm sees 'simplicity' and 'transparency' in new fee structure for target group.
Adviser marketing expert Fox-Foley to focus on getting out the IBD's 'secret.'
Advisor Group, the IBD owned by AIG, laid off employees this week. Sources outside the company said the lion's share of the layoffs came from Woodbury Financial Services.
LPL finds itself in the headlines for the third time this week as a former adviser gets charged by the SEC for stealing $2 million from clients.
