Tag: brokerage
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...
LPL Financial Adds Former Altruist Executive to Management Team
LPL Financial LLC, the nation’s largest independent broker-dealer, announced that Pete Dorsey has joined the firm as executive vice president of institution services. Dorsey...
Vero Wealth Management Joins Linsco by LPL Financial
LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisors Benjamin Link and Steve Sexton have joined LPL’s employee advisor model, Linsco...
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...
Advisor Group’s SagePoint Financial Recruits Team with $203 Million in Client...
SagePoint Financial, an independent wealth management firm within the Advisor Group network, has added Brian Falconer and his team of 16 registered representatives to...
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...
LPL Financial Hires EVP of Corporate Strategy and New Ventures
LPL Financial LLC, the nation’s largest independent broker-dealer, has hired Katelyn Shackleton as executive vice president of corporate strategy and new ventures. In her...
LPL Financial Reports 2Q22 Results, Decrease in Advisory and Brokerage Assets
LPL Financial Holdings Inc. (Nasdaq: LPLA), the parent of LPL Financial LLC – the nation’s largest independent broker-dealer, released its second quarter 2022 financial...
National Securities Closes Down
National Securities Corporation, a broker-dealer based in Boca Raton, Florida, has withdrawn its registration with the Financial Industry Regulatory Authority after 75 years in...
Carson Group Hires Former LPL Exec as Chief Market Strategist
Carson Group, a financial services firm that manages $20 billion in assets, has hired Ryan Detrick as chief market strategist. In his new role,...
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,...
LPL Financial to Buy $5 Billion Firm
LPL Financial LLC (Nasdaq: LPLA), the nation's largest independent broker-dealer, has agreed to purchase the private client group business of Boenning & Scattergood, a...
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...
Advisor Group to Buy $40 Billion Independent Broker-Dealer
Advisor Group, one of the nation's largest networks of independent wealth management firms, has agreed to purchase American Portfolios Financial Services Inc., a full-service,...
LPL Financial Recruits Ex-Wells Fargo Team
LPL Financial LLC, the nation’s largest independent broker-dealer, has added Encore Capital Management to its broker-dealer and corporate registered investment advisor model. The team...
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...
LPL Financial Launches New Program to Serve Affluent Market
LPL Financial LLC, the nation's largest independent broker-dealer, has launched the LPL Private Client Services Network, a new program to provide LPL-affiliated advisors access...
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...
Advisor Group’s SagePoint Adds $800 Million Team
SagePoint Financial, a wealth management firm within the Advisor Group network, has added IronBridge Wealth Counsel and its eight wealth advisors who oversee $800...
