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.
Insurer's B-D group now has more than 6,000 independent reps and advisers.
Recruiters say management at Woodbury Financial, which is being acquired by AIG's broker-dealer, has doubled down on retention packages in a bid to keep reps in their seats.
Finra chief says fixed income, structured products demand straight talk to clients.
Broker-dealer works to enhance systems to get over latest compliance hurdle.
B-D adds 'superbranch' but with thin annual production levels.
Start-up Lion Street in position to poach NFP reps and advisers.
Denial-of-service attack did not impact customer accounts or data, firm says.
