Home Tags Broker

Tag: broker

image_pdf

Senate Bill Would Boost Alts in Defined Contribution Plans

Republican members of the U.S. Senate Banking Committee have introduced the Retirement Savings Modernization Act to “bolster American’s retirement savings” by allowing defined contribution...

SEC Charges Former LPL Rep with Defrauding Elderly Client

The Securities and Exchange Commission charged Bradley A. Goodbred, a former registered representative with LPL Financial, with stealing $1.3 million from an elderly client,...

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...

SEC Bars Former Ameriprise Financial Investment Advisor

The Securities and Exchange Commission has barred Arthur S. Hoffman, a former investment adviser representative of Ameriprise Financial Services.Hoffman began his career at Morgan...

SEC Charges Former Advisor with Misappropriation of Client Funds

The Securities and Exchange Commission has charged David Sheldon Wells, a former representative of an SEC-registered broker-dealer and investment advisory firm, Fifth Third Securities...

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...

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...

SEC Begins Administrative Proceedings Against Broker Serving 7.5 Years in Federal...

The Securities and Exchange Commission has instituted public administrative proceedings against Leon Vaccarelli, a former broker and investment adviser who is currently serving 7.5...

FINRA Fines and Suspends Former SagePoint Broker

The Financial Industry Regulatory Authority has fined and suspended Michael Ferrera Jr., a former SagePoint broker accused of failing to disclose an outside business...

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...

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...

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...

SEC Charges Broker-Dealer and Two Senior Executives over Unauthorized Securities Transactions

The Securities and Exchange Commission has charged broker-dealer Alpine Securities Corporation, its former chief executive officer Christopher Doubek, and its current chief operations officer...

FINRA Suspends and Fines Former Schwab Broker for Failing to Disclose...

The Financial Industry Regulatory Authority has sanctioned a former Charles Schwab broker for failing to disclose multiple felony charges as required by the regulator.According...

FINRA Bars Two Individuals for Cheating on Online Qualification Exams

The Financial Industry Regulatory Authority has barred two individuals from the securities industry, Brandon Autiero of New Jersey and Harris Kausar of New York,...

90-Year-Old Morgan Stanley Broker Arrested for Shooting Business Partner Inside Office

On Thursday, Oklahoma City police arrested 90-year-old Morgan Stanley broker, Leonard Bernstein, after he allegedly shot his business partner, Chris Bayouth, "several times," according...

SEC Charges Former LPL Broker with Stealing $1.7 Million from Retail...

The Securities and Exchange Commission has charged Eric Hollifield of Winder, Georgia, with misappropriating at least $1.7 million from two advisory clients and one...

CFP Board Suspends Broker Accused of Violating Reg BI with Improper...

The Certified Financial Planner Board of Standards Inc. has imposed an interim suspension against Patrick Egan, a certified financial planner and broker at Western...

SEC Alleges Western and Five Brokers Violated Reg BI with Improper...

The Securities and Exchange Commission has charged registered broker-dealer Western International Securities and five of its registered representatives – Nancy Cole, Patrick Egan, Andy...

Grove Point Hires Former Cetera Exec as Senior Vice President of...

Grove Point Financial LLC, an independent broker-dealer and registered investment adviser platform, has hired 26-year industry veteran, Denise McGee, as senior vice president of...