The client and his wife sued over investments that they allege should not have been allowed and that ended up wiping out much of a fortune once pegged at more than $50 million.
The penalty represents about one or two years of net income for the firm.
The IBD is expanding its presence in Florida with a planning and wealth management practice focused on LGBTQ+ clients.
The team, including a father-son duo, is joining the broker-dealer’s employee advisor arm from RBC.
The RIA adds a multigenerational advisor practice to its network in its first foray into northern Nevada.
The industry veteran with two decades of experience will reinforce the brokerage firm's presence in Tennessee.
The Brick, New Jersey-based team includes a veteran advisor and two siblings.
The firm has been given until April 29 under its existing credit agreement with Nomura Holdings, it said in a filing.
The Lockhart, Texas-based advisor couple join the tax-focused wealth planning network with years of experience at a family-owned practice.
Stifel broker-dealers agree to fines and restitution of almost $3 million as a result of shortcomings in supervision and compliance related to sales of non-traditional exchange-traded products.
The IBD adds veteran woman advisor with 23 years of industry experience from Charles Schwab.
While the firm is best known for its tax expertise, Todd Mackay is talking about relationships and creating connections.
Reshuffle is 'a result of the brain drain,' says one senior industry executive.
The latest recruit to join the firm’s independent advisor channel comes with a three-decade record, including 10 years at Merrill Lynch.
An arbitration panel rules in favor of former advisors who claimed the firm had delayed compensating them for their work, violating ERISA rules.
If the brokerage is eyeing an IPO in the next five years, as sources say, it’s got a lot of work to do to get ready.
A Minnesota-based foundation's lawsuit against the firm centers on an unnamed ex-broker's alleged churning of variable annuities.
The former rep refused to cooperate with an investigation alleging that he transferred funds from a client account without authorization
'Those offers from smaller firms don’t always get as high as those from the bigger players, but they are pretty darn close,' says a recruiter.
The Lafayette-based advisor, who founded his firm in 1984, manages $150 million.
