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Hilltop Adds Five Financial Advisors Managing $382 Million

Hilltop Securities Inc. and Hilltop Securities Independent Network Inc (HTIN) have added five new financial advisors managing approximately $382 million in client assets to...

SEC Charges Brokerage Assistant with Stealing Funds from Elderly Clients

The Securities and Exchange Commission has charged Kimberly Sredich, a former sales assistant at Worklife Wealth Management Inc., with misappropriating approximately $340,000 from the...

LPL Financial Hires EVP to Focus on Advisor Relationships

LPL Financial LLC, the nation’s largest independent broker-dealer, has hired Angela Xavier executive vice president of independent advisor services business consulting. In her new...

SEC and FINRA Schedule National Compliance Outreach Program for Broker-Dealers

The Securities and Exchange Commission and the Financial Industry Regulatory Authority have opened registration for their 2019 National Compliance Outreach Program for broker-dealers, which...

New Jersey Proposes Fiduciary Rule

The New Jersey Bureau of Securities has proposed a new fiduciary regulation that requires all registered financial services professionals in the state to be...

Stanger Hires Former Starwood CEO as Managing Director

Robert A. Stanger & Co. Inc., a boutique investment banking firm that provides financial advisory services, has hired former Starwood Capital chief executive officer...

FINRA Suspends Former LPL Broker for Soliciting Investors for Unauthorized Variable...

The Financial Industry Regulatory Authority has suspended and fined a former LPL Financial broker for soliciting investors to purchase an unauthorized variable life insurance...

Texas Fines LPL Financial $450,000 for Selling Unregistered Securities

LPL Financial LLC, the nation’s largest independent broker-dealer, was fined $450,000 by the State of Texas and ordered to repurchase certain securities it sold...

LPL Adds Former Voya Team to Platform

LPL Financial LLC, the nation’s largest independent broker-dealer, has added O&R Partners, made up of financial advisors Dave Olivieri and Wes Rowlands, to its...

Principal Financial Group to Buy Wells Fargo Retirement Unit for $1.2...

Wells Fargo & Company (NYSE: WFC) has agreed to sell its retirement plan services unit to Principal Financial Group (Nasdaq: PFG) for $1.2 billion...