Securities America cancels call with reps; brokers on edge
A mediation session to resolve hundreds of millions of dollars of investor claims against Securities America Inc. failed to yield a settlement last week, as the firm's 1,800 reps and advisers continue to speculate on whether the firm will survive.
A mediation session to resolve hundreds of millions of dollars of investor claims against Securities America Inc. has failed to yield an expeditious settlement -- the firm’s 1,800 reps and advisers continue to speculate on whether the firm will survive.
On Friday, the firm sent an e-mail to i
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