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Former Broker Sentenced to Six Years in Prison for Embezzling Millions...

John Sherman Jumper, a former broker, was sentenced for embezzling $5.7 million from the pension benefit plan for employees of Snowshoe Refractories, a fire...

Ashford Securities Names National Sales Manager and Sales Desk Manager

Ashford Securities LLC, a distributor for alternative investments, has promoted Ben Hilgers to senior vice president, national sales manager, and Seif Refaat to vice...

Merrill Lynch to Pay $15 Million in Restitution to Settle FINRA...

The Financial Industry Regulatory Authority has censured and ordered Merrill Lynch to pay approximately $15.2 million ($13.4 million, plus interest) in restitution to customers...

It’s Like Déjà Vu All Over Again – Biden’s Recycled Attack...

During his successful 2020 presidential campaign, then-candidate Joseph Biden proposed the elimination of 1031 like-kind exchanges for high-earning real estate investors. Once in the...

SEC Charges Wells Fargo Advisors with Anti-Money Laundering Violations

The Securities and Exchange Commission has charged Wells Fargo Advisors with failing to file at least 34 suspicious activity reports in a timely manner...

Advisor Group to Buy $30 Billion Broker-Dealer

Advisor Group, one of the nation's largest networks of independent wealth management firms, has agreed to purchase Infinex Financial Holdings Inc., the holding company...

Cetera Recruits $300 Million Team from Mass Mutual

Cetera Financial Group, one of the nation’s largest networks of independently managed broker-dealers, has recruited Skafco, a financial planning team that manages approximately $300...

Preferred Capital Securities Hires SVP of Customer Experience

Preferred Capital Securities, an independent managing broker-dealer, has hired Wes Smith as senior vice president of customer experience. Prior to joining the firm, Smith spent...

LPL Reports First Quarter 2022 Results, Broker Count Exceeds 20,000

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

ADISA Reports Highlights from 2022 Spring Conference in Orlando

The Alternative & Direct Investment Securities Association, a trade association representing the non-traded alternative investment space, hosted nearly 600 industry professionals at its 2022...
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