NEWS TIPS  ·   Advertise  ·   Post Jobs  ·   About Us  ·   Contact Us  ·   Log In  ·   Register

Broker-Dealers

Pages  1 2 3 >  Last ›

FINRA Suspends Former LPL Broker for Unsuitable BDC Sales

The Financial Industry Regulatory Authority suspended a former LPL Financial broker for one year for allegedly engaging in unsuitable non-traded BDC sales and overstating the net…

Read More...

FINRA Fines Massachusetts BD $300,000 for Failing to Disclose Customer Complaints

The Financial Industry Regulatory Authority fined Massachusetts broker-dealer, Citizens Securities, $300,000 for allegedly failing to report certain disclosable events, according to…

Read More...

Financial Services Institute Pledges to Lead Effort to Replace DOL Fiduciary Rule

Financial Services Institute president Dale Brown pledged to “go on offense” to block implementation of the Department of Labor fiduciary and to advocate instead for “a uniform…

Read More...
News |Company |Broker-Dealers | Jan 20 2017

Steve Chipman Joins Advisor Group to Lead Broker-Dealer Acquisition Initiative

Advisor Group, one of the nation’s largest broker-dealer networks, is looking to expand its footprint by acquiring smaller independent broker-dealers in light the Department of…

Read More...
News |Company |Broker-Dealers | Jan 19 2017

S2K Financial Names Megan Smith Director of National Accounts, Hires Two Regional Wholesalers

S2K Financial, a wholesale broker-dealer, has hired Megan Smith as the firm’s director of national accounts.  Additionally, the firm appointed two new regional wholesalers - Steven…

Read More...
News |Company |Broker-Dealers | Jan 11 2017

Advisor Group Launches New DOL-Compliant Platform

Advisor Group, one of the nation’s largest broker-dealer networks, made several changes to its investment platform in a move that the company said will give a “competitive…

Read More...

FINRA Punishes Former Transamerica Broker for Unsuitable Non-Traded REIT Sales

The Financial Industry Regulatory Authority suspended and fined a former Transamerica broker for allegedly exceeding REIT concentration limits and other violations, according to a…

Read More...

FINRA Fines Broker-Dealer for Exceeding REIT Concentration Limits

The Financial Industry Regulatory Authority fined Foothill Securities, an independent broker-dealer, $30,000 for allegedly exceeding concentration guidelines relating to non-traded…

Read More...

FINRA Orders Broker-Dealer to Pay Close to $1 Million for Illiquid Investment Sales

FINRA ordered Mid Atlantic Capital Corporation, an independent broker-dealer, to pay $922,500 to two retirement age investors following an arbitration dispute against the firm…

Read More...
News |Company |Broker-Dealers | Dec 06 2016

LPL CEO Mark Casady to Retire in January

LPL Financial LLC, a retail investment advisory firm and independent broker-dealer, announced that Mark Casady will retire from his role as CEO effective…

Read More...

FINRA Bars Broker for Falsifying Expense Reports

The Financial Industry Regulatory Authority barred a Morgan Stanley Smith Barney broker for allegedly falsifying expense reports, according to a letter of…

Read More...

DOL Fiduciary Rule Withstands Second Court Challenge

On Monday, a Kansas federal judge denied a Topeka-based insurance agency’s request for a preliminary injunction delay the April 2017 implementation of the…

Read More...

Reducing Your Litigation Risk in the Post-DOL Fiduciary World – A Veteran Litigator’s Take

Will you be happy if, in the not-too-distant future, you’re served with a summons and complaint accusing you of failing to act in a retirement investor’s best…

Read More...
News |Company |Broker-Dealers | Nov 01 2016

First Allied Affiliate Acquires $100 Million Texas Advisory Firm

Bloomfield Hills Financial, a financial planning and wealth management advisory firm with more than $1 billion in client assets under management, acquired…

Read More...

SEC Charges Investment Advisor for Overbilling Clients, Stealing Assets for Personal Expenses

The Securities and Exchange Commission charged a Los-Angeles based investment advisory firm and its owner with fraudulently overbilling clients and stealing…

Read More...
News |Company |Broker-Dealers | Oct 27 2016

Commonwealth Drops Commission-Based Offerings in Retirement Accounts

Commonwealth Financial Network, the nation’s largest privately held independent broker/dealer-RIA, said that due to the Department of Labor’s…

Read More...

SEC Bars Former LPL Broker for Churning Customer Accounts

The Securities and Exchange Commission barred a former LPL Financial broker for allegedly defrauding four customers by churning several of their accounts…

Read More...

FINRA Permanently Bars Rep for Liquidating His Parents’ Investment Accounts

The Financial Industry Regulatory Authority permanently barred former Wadell & Reed advisor Gregory R. Bauer for withdrawing more than $400,000 from his parents’...

Read More...
News |Company |Broker-Dealers | Oct 12 2016

LPL Sale in the Works?

LPL Financial Holdings Inc., the nation’s largest independent broker-dealer and registered investment adviser, is exploring strategic alternatives, including a potential…

Read More...

Texas State Securities Board Bans Broker from Selling Alternative Investments

The Texas State Securities Board has barred a Calton & Associates broker from recommending or selling any alternative investments, including non-traded…

Read More...

Pages  1 2 3 >  Last ›


Directory Spotlight





The DI Wire's Email Alerts





Announcements


No announcements, please check back soon...

See more...