Co-founder Bill Crager was named interim chief executive.
Sum constitutes compensatory damages for breach of duties.
Tighter margins for custodians call into question RIAs riding for free.
But brokers' hopes of restoring payments kept alive with rulings in two other cases.
Some advisers are endorsing stocks but are encouraging a selective approach.
The decision follows a similar route taken by peers like Jackson National and Lincoln Financial.
The SEC's regulation could give some firms a way to set themselves apart from the rest
According to a Morgan Stanley report, the only statistically significant underperformance of sustainable strategies occurred nearly a decade ago.
An executive order regarding the Medicare system is titled "Protecting Medicare from Socialist Destruction."
The company and an RIA affiliate are units of the former Sterne Agee
LPL's haul includes two groups from FSC Securities and almost $1.5 billion in client assets.
Company said software will reduce time advisers spend trading by 80%.
Firm says clients were not deceived by alleged conflicts over revenue-sharing
Advisers should be cognizant of the rules that govern clients' retirement assets.
The SEC offers no evidence investors will benefit from Reg BI beyond vague, unsupported assertions
Hindsight is 20/20, but it doesn't tell you much about the future.
Studies say Reg BI exacerbates the blurred lines between sales and professional advice.
Public hatred of the wealthy is one of the last bastions of acceptable prejudice
The Wild, Wild West of retirement savings desperately needs reform.
Custodians are increasingly under pressure, and some are responding by making a push into the advisory business.
