'If I were on the side of Alpine Securities, I’d put all my eggs in the federal court,' one attorney said.
But one industry executive believes his pay could catch up over time.
The market for municipal bonds is notorious for being opaque and filled with difficult to price securities.
The top-ranked IBD giant is looking to bolster its workforce with thousands of new independent advisors, representatives, and interns.
With 30 years of industry experience, Ronice Barlow is set to help steer the ICD as the unit's first-ever COO.
Cash sweep programs have turned into a bit of a viper’s nest for the financial advice industry, particularly large broker-dealers.
The firms' latest additions in Florida and Nevada come as a strategic change at UBS raises risk of advisor defections.
"LPL's salespeople are all over the place," said one senior industry executive.
The firm’s CFO, head of recruiting, and head of advisor relations have followed its CEO out the door.
This dispute centered on a group of Stifel Financial advisors who left the firm two years ago to an RIA.
Janney Montgomery Scott's president and CEO tells IN about the firm's acquisition by KKR, the equity ownership arrangement for all its advisor employees, and how it plans to continue for another 200 years.
"I've seen lots of denial in this business but this GPB thing take the cake," says one industry executive.
Former advisor alleges an incentive for veteran advisors to give business to women and nonwhite rookies disadvantages straight white male advisors.
The share price of B. Riley financial has plummeted 78.5% over the past year.
The firm's new offering, targeted toward investors with at least $10 million, will put it head-to-head against some of Wall Street's biggest names.
Beneficient, an alternative investment company and formerly a part of GWG, has offered $50.5 million to settle claims related to federal lawsuits.
Meanwhile, Finra’s fines against the brokerage industry declined in 2024.
The large award comes at a time when the wealth management industry is seeing leading firms sue each other over recruiting each other’s financial advisors.
And GPB founder David Gentile and ex-broker-dealer chief Jeff Schneider want the company to continue paying legal expenses.
Ameriprise, LPL and Morgan Stanley were among those impacted as firms suffer more than the broader market.
