Tag: broker-dealer
Center Street Securities Shutting Down
Center Street Securities Inc., a Financial Industry Regulatory Authority-affiliated broker-dealer, has officially requested termination, according to the firm’s BrokerCheck report. The news was first...
LPL Hires New Chief Compliance Officer; Recruits Former Cetera Advisor
LPL Financial, the nation’s largest independent broker-dealer, announced that Jim McHale, formerly with Wells Fargo, has been named executive vice president and chief compliance...
FINRA Fines and Suspends Former Cambridge Advisor for Reg BI Violations
The Financial Industry Regulatory Authority and Malay Kumar have agreed to settle charges that Kumar violated provisions of Regulation Best Interest while affiliated with...
Firm with $550 Million in Assets Joins LaSalle St.
LaSalle St., a family of wealth management firms encompassing an independent broker-dealer and two registered investment adviser platforms, announced that Horwitz & Associates has...
SEC Charges Fund Adviser Jonathan Larmore with $35 Million Fraud
The Securities and Exchange Commission announced fraud charges against Phoenix-based real estate investment company ArciTerra Companies LLC and its chief executive officer, Jonathan M....
Perigon Wealth Management Acquires Nevada RIA with $275 Million AUM
Perigon Wealth Management, an independent wealth management firm with more than $5.6 billion in client assets under management, announced it has acquired Wealth Advisors...
Commonwealth Recruits Former Lincoln Investment Team with $3 Billion AUM
Commonwealth Financial Network announced that Mammini Company, a former Lincoln Investments firm based in San Diego has joined its network of affiliated advisors.
With nearly...
FINRA Censures and Fines TD Private Client Wealth $600,000
The Financial Industry Regulatory Authority and TD Private Client Wealth LLC have agreed to settle charges that the firm failed to establish and maintain...
Cetera Completes Acquisition of Avantax
Avantax Inc. (NASDAQ: AVTA), a tax-focused financial planning firm, and the parent company of Cetera Financial Group, one of the nation’s largest networks of...
FINRA Fines and Suspends Former Worden Rep for Reg BI Violations
The Financial Industry Regulatory Authority and former registered representative Troy Allen Orlando have agreed to settle charges that he “willfully violated” the best interest...
FINRA Suspends and Fines Former Morgan Stanley Advisor for Private Securities...
The Financial Industry Regulatory Authority suspended and fined former Morgan Stanley advisor Sara Qazi after she participated in a private securities transaction in which...
Another Rep Suspended by FINRA Over Reg BI Violation
The Financial Industry Regulatory Authority suspended Joao A. Pinto after he recommended a series of trades in one senior customer's account that were “excessive,...
DSTs Raise Nearly $500 Million in October, on Pace for $5.2...
Fundraising for Delaware statutory trust offerings, typically used to facilitate securitized 1031 exchanges, totaled just over $4.3 billion for the year through October 2023,...
Former PlanMember Advisors with $100 Million in Assets Join LPL Financial
LPL Financial, the nation’s largest independent broker-dealer, announced that Matt Warter and Theresa Houle have joined LPL Financial’s broker-dealer, RIA and custodial platforms, aligned...
SEC Censures and Fines Laidlaw for Reg BI Violations
Laidlaw and Company, a United Kingdom corporation that has been registered as a broker- dealer since 2002, has settled charges brought by the Securities...
Morgan Stanley Agrees to Pay $6.5 Million Over Compromised Customer Data
Morgan Stanley Smith Barney has agreed to pay six states $6.5 million that would settle charges after the firm compromised the personal information of...
LPL Debuts ‘Private Wealth’ Model Targeting HNW Advisors
LPL Financial, the nation’s largest independent broker-dealer, has unveiled a new advisor affiliation model, LPL Private Wealth Management, catering to advisors specializing in high-net-worth...
Two Reps with Focus on Alts Join IBN Financial
IBN Financial Services Inc., a New York-based broker-dealer and registered investment advisor, announced the addition of two advisers who focus on alternative investments for...
FINRA Fines Haywood USA $175,000 for Failure to Perform Due Diligence
The Financial Industry Regulatory Authority censured and fined Haywood Securities (USA) Inc. after the firm recommended 134 sales totaling almost $11 million in 53...
FINRA Censures and Fines Parsonex Capital Markets Over Form CRS Omissions
Parsonex Capital Markets LLC has consented to a fine and censure from The Financial Industry Regulatory Authority after they omitted required information from the...
