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SEC Bars Former Securities America Broker for Running $8 Million Ponzi...

The Securities and Exchange Commission has barred former Securities America broker Hector May for running a $7.9 million Ponzi scheme with his daughter who...

FINRA Bars Former Merrill Lynch Broker Allegedly Faking Childcare Reimbursement Requests

The Financial Industry Regulatory Authority has barred former Merrill Lynch broker Elizabeth Marie Garcia for allegedly filing fake childcare expense reimbursement requests. From January 2016...

FINRA Bars Former Fidelity Rep for Alleged Computer Purchase Reimbursement Scam

The Financial Industry Regulatory Authority has barred Kitwana Thomas, a former Fidelity Brokerage Services broker, for allegedly cheating the firm out of thousands of...

FINRA Approves IFP’s Broker-Dealer Application

Independent Financial Partners, currently a hybrid registered investment adviser and office of supervisory jurisdiction (OSJ) with LPL Financial, has been approved by FINRA to...

SEC Bars Former Metlife Broker Imprisoned for Mail Fraud

The Securities and Exchange Commission has barred former Metlife Securities broker John Austin Gibson Jr. who plead guilty and was convicted of mail fraud...

Raymond James Financial to Buy Boutique Investment Bank

Raymond James Financial Inc. (NYSE: RJF) has entered into a definitive agreement to purchase Silver Lane Advisors LLC, a boutique investment bank that focuses...

Massachusetts Regulators Charge Royal Alliance and Rep Over Unsuitable Annuity Exchange

The Massachusetts Securities Division has charged broker-dealer Royal Alliance Associates Inc. with failing to supervise one of its brokers who allegedly made unsuitable investment...

IFP Nabs Financial Backing from Two Partners Ahead of Broker-Dealer Launch

Independent Financial Partners (IFP), a registered investment adviser and office of supervisory jurisdiction for LPL Financial, has finalized financial commitments from two partners, Pacific...

Ladenburg Thalmann Launches Advanced Planning Group

Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), a publicly-traded diversified financial services company, has launched its enterprise-level advanced planning group, comprised of a team...

LPL Financial Adds $360 Million Team from Wells Fargo Advisors

LPL Financial, the nation’s largest independent broker-dealer, has added Harbor Financial Group to its broker-dealer and corporate registered investment advisor platforms. The firm joined...