Tag: brokerage
SEC: Raymond James to Pay $15 Million for Improperly Charging Retail...
The Securities and Exchange Commission has agreed to settle charges against three Raymond James entities for improperly charging advisory fees on inactive retail client...
Atria’s Sorrento Pacific Adds $1 Billion Team
Sorrento Pacific Financial LLC, an independent wealth management firm and subsidiary of Atria Wealth Solutions, has added Pennsylvania-based Schorn Wealth Management, a team of...
Blucora To Rebrand Wealth Management Division
Blucora, Inc. (NASDAQ: BCOR), a firm focused on wealth management and tax preparation, will rebrand its wealth management business to Avantax Wealth Management.
With the...
Cetera Hires Former FINRA Director as General Counsel
Cetera Financial Group, the second-largest independent financial advisor network in the nation by number of advisors, has hired former FINRA director David A. Greene...
SEC Obtains Emergency Asset Freeze and Charges Adviser with $100 Million...
The Securities and Exchange Commission has charged Brenda Smith, a Pennsylvania investment adviser, with operating a $105 million fraud. The SEC also obtained an...
Emerson Equity Names Vice President of Operations
Emerson Equity LLC, a full-service brokerage firm, has hired Brooke Jones as vice president of operations. In her new role, the company said that...
ProEquities CEO Wins FINRA Large Firms Board Seat
Chris Flint, the president and CEO of ProEquities, has won the large firms seat in this year’s FINRA board of governors’ election over incumbent...
Cantor Fitzgerald and BMO Capital to Pay $4.5 Million for Improper...
The Securities and Exchange Commission has charged brokers Cantor Fitzgerald & Co. and BMO Capital Markets Corporation for improper handling of "pre-released" American Depositary...
Stifel to Buy Missouri-Based Broker-Dealer
Stifel Financial Corp. (NYSE: SF) has agreed to buy certain assets of George K. Baum & Company, a broker-dealer that focuses on municipal securities....
SEC Charges Commonwealth with Failing to Disclose Conflicts on Revenue Sharing
The Securities and Exchange Commission has charged Commonwealth Financial Network, a registered investment adviser and broker-dealer that manages approximately $85 billion in client assets,...
