Wirehouse advisers fear that they'll have less access to fixed-income investments in the independent space, but the opposite is true.
Fred Brown also failed to change his employment record to disclose two tax liens and three civil judgments.
Advisers working for wirehouses and regional firms control vast amounts of assets that LPL would like to bring under its umbrella.
GPB paid commissions of 9.3%, or $167 million altogether, on the firm's private placements.
Plan also provides states $48 billion annually to eliminate undergraduate tuition and fees at public colleges and universities
Democrats want the Government Accountability Office to examine how brokerage and other financial firms' businesses have changed since the new requirements were vacated last year.
Officials in high-tax states say Democratic-led states have been targeted to pay for the cuts.
Advisers don't want a replay of 2008 when clients bailed out of the advice industry.
What are brokers and advisers to make of all this? We may be a long way from knowing, but there's a lot to watch while we wait.
Agency says Edward Moody Jr. has already pleaded guilty to one count of mail fraud.
Case hits Spire Securities and its CEO and COO for activities of barred adviser who ran Ponzi scheme.
After turning attention toward next-gen platforms and client experience, broker-dealers may have to rethink technology to comply with a best interest standard.
The Supreme Court upheld same-sex marriage. What does this mean for married and unmarried gay couples now?
Are the lines between cash, lending and investing starting to blur?
Wealth managers focus their expansion on clients with fast-growing fortunes.
The broker-dealer was censured and fined $40,000 for the infractions.
Despite an agency directive to eliminate the word 'fiduciary' in Form CRS, SEC officials say it's OK to use it.
Former SEC enforcement attorney will fill Democratic seat vacated by Kara Stein.
Compliance requirements in the regulatory package affect both brokers and investment advisers.
The new standard is more stringent than the current one, laying out explicit steps that brokers must take when considering a retirement rollover.
