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FINRA’s National Adjudicatory Council Revises Sanction Guidelines

The Financial Industry Regulatory Authority announced that the National Adjudicatory Council has updated the organization’s sanction guidelines to, among other things, increase the lower...

FINRA Permanently Bars Morgan Stanley Broker

The Financial Industry Regulatory Authority has permanently barred Doug M. McKelvey from the securities industry for refusing to provide information and documents requested by...

LPL Financial Adds Former Altruist Executive to Management Team

LPL Financial LLC, the nation’s largest independent broker-dealer, announced that Pete Dorsey has joined the firm as executive vice president of institution services. Dorsey...

Vero Wealth Management Joins Linsco by LPL Financial

LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisors Benjamin Link and Steve Sexton have joined LPL’s employee advisor model, Linsco...

ExchangeRight Expands Broker-Dealer and RIA Relations Team with SVP Hire

ExchangeRight, a sponsor of securitized 1031 exchange real estate offerings, has expanded its broker-dealer and registered investment advisor relations team, adding Melissa Birdsall as...

ADISA Executive Director Previews Association’s Annual Conference

The DI Wire had a chance to sit down with John Harrison, executive director of the Alternative and Direct Investment Securities Association, ahead of...

FINRA Fines Another Broker-Dealer over GPB Private Placement Sales

The Financial Industry Regulatory Authority has fined broker-dealer, Sanctuary Securities Inc., formerly known as David A. Noyes & Company, $60,000 over sales of GPB...

Cetera Recruits $140 Million Team from Commonwealth

Cetera Financial Group, one of the nation’s largest networks of independently managed broker-dealers, has recruited Cramer Capital Management, a Kansas City-based team formerly affiliated...

Atria’s Cadaret Grant Adds Former UBS Team with $600 Million in...

Cadaret Grant, an independent wealth management firm and subsidiary of Atria Wealth Solutions Inc., has recruited a team of former UBS financial professionals led...

Advisor Group’s SagePoint Financial Recruits Team with $203 Million in Client...

SagePoint Financial, an independent wealth management firm within the Advisor Group network, has added Brian Falconer and his team of 16 registered representatives to...

FINRA Fines Broker-Dealer over GPB Fund Sales

The Financial Industry Regulatory Authority has fined broker-dealer, Capital Investment Group Inc., $50,000 over sales of GPB Automotive Portfolio LP and GPB Holdings II...

Massachusetts Fines MassMutual Subsidiary $250,000 for Failing to Supervise Broker

The Massachusetts Securities Division has levied a $250,000 fine against MLS Investment Services LLC, a subsidiary of MassMutual, over the company’s failure to supervise...

ExchangeRight Adds SVP to Broker-Dealer and RIA Relations Team

ExchangeRight, a sponsor of securitized 1031 exchange real estate offerings, has expanded its broker-dealer and registered investment advisor relations team, adding Michele Drummond as...

FINRA Fines LPL Financial $300,000 for Customer Reserve Violations

The Financial Industry Regulatory Authority has censured and fined LPL Financial, the nation's largest independent broker-dealer, for allegedly failing to accurately calculate its customer...

SFA Partners Hires Director of Business Development

SFA Partners, a group of financial services firms, has hired Bryan Yvon as director of business development. In his new position, Yvon will focus...

LPL Financial Hires EVP of Corporate Strategy and New Ventures

LPL Financial LLC, the nation’s largest independent broker-dealer, has hired Katelyn Shackleton as executive vice president of corporate strategy and new ventures. In her...

Preferred Capital Securities Hires Vice President of Due Diligence

Preferred Capital Securities LLC, an independent managing broker dealer, has hired Christina Miranda as vice president of due diligence. In her new role, she...

Skyway Capital Markets Expands Broker-Dealer Team with Senior Hire

Skyway Capital Markets LLC, a managing broker-dealer and wholesale securities distribution firm, has hired Rob Woomer as senior managing director. In his new role,...

Skyway Capital Expands Investment Banking Team with Managing Director Hire

Skyway Capital Markets LLC, a boutique investment banking, managing broker-dealer and wholesale securities distribution firm, has continued its hiring spree with the addition of...

LPL Financial Reports 2Q22 Results, Decrease in Advisory and Brokerage Assets

LPL Financial Holdings Inc. (Nasdaq: LPLA), the parent of LPL Financial LLC – the nation’s largest independent broker-dealer, released its second quarter 2022 financial...