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FINRA Fines Merrill Lynch for Allowing Unregistered Executive to Act as...

The Financial Industry Regulatory Authority has censured and fined Merrill Lynch $150,000 for purportedly allowing an executive with its non-FINRA member affiliate to function...

Wedbush Hires Compliance Veteran as SVP and Chief Compliance Officer

Wedbush Securities, an independent broker-dealer, has hired financial services veteran Michael McMaster as its senior vice president and chief compliance officer. In his new role,...

LPL to Open Technology Hub in Austin

LPL Financial LLC, the nation’s largest independent broker-dealer, plans to open a technology center in Austin, Texas and is hiring for technology roles to...

Advisor Group to Consolidate Three Former Ladenburg Broker-Dealers

Following its acquisition of Ladenburg Thalmann earlier this year, Advisor Group plans to consolidate Investacorp, Securities Service Network (SSN) and KMS Financial Services, three...

LPL Recruits Another Team from Securities America

LPL Financial LLC, the nation’s largest independent broker-dealer, has added industry veteran David B. Winston of Winston Wealth Advisors and his team to its...

Waddell & Reed Adds Four Financial Advisors to Network

Waddell & Reed Inc. has added four experienced financial advisors to its national network, with assets under administration totaling nearly $236 million and annual...

FINRA Warns of Fake Phishing Emails Purporting to be from FINRA...

The Financial Industry Regulatory Authority has warned member firms of a widespread, ongoing phishing campaign that involves fraudulent emails purporting to be from FINRA...

LPL Recruits $3 Billion Team from Securities America

LPL Financial LLC, the nation’s largest independent broker-dealer, has added approximately 100 financial professionals affiliated with JFC Financial Services, including its founder Jack Connealy,...

SEC Clarifies When Using “Advisor/Adviser” Violates Regulation Best Interest

The Securities and Exchange Commission provided clarification on its updated Regulation Best Interest frequently asked questions on the use of the terms “adviser/advisor” in...

Advisor Group Expands Coronavirus Response Resource Center

Advisor Group, a network of independent wealth management firms, has expanded its coronavirus response resource center, a platform of services that helps financial professionals...