Wells Fargo to Pay $1M FINRA Fine Over Client Reports
Some 5 million-plus documents were not reviewed adequately, FINRA says, especially regarding client holdings outside of the bank.
Casady Leaving LPL at ‘Challenging Time,’ Recruiters Say
The independent broker-dealer says President Dan Arnold will take over from Mark Casady next month.
Wells Fargo to Keep Commission-Based Retirement Accounts
The bank outlines steps being taken to support "client choice" under the DOL fiduciary rule in a memo released Friday.
Raymond James’ Longtime Chairman to Give Up Post in Early 2017
CEO Paul Reilly will take on the role as Tom James becomes chairman emeritus of the independent broker-dealer.
Betterment Signs Up 300-Plus Retirement Plan Clients in 2016
Benefiting from the DOL rule, Betterment for Business is reaching out to midsize firms in high tech and other emerging fields.
Star LPL Rep Charged With Annuities Fraud; Targeted Elderly
A client in her 80s with dementia and limited funds was sold an annuity with a seven-year surrender policy, Massachusetts regulators say.
Ameriprise Adds 10 Reps as Raymond James Brings in $780M Advisors: Recruiting Roundup
Both firms attract financial advisors from Wells Fargo and other wirehouses.
Sterne Agee Buyer Aims to Boost Midmarket Clearing, Custody Business
INTL FCStone Financial is rolling out services for international clients and customers who want to trade overseas.
LPL Opens New Campus in South Carolina
Gov. Nikki Haley attended the event in Fort Mill, where the IBD inaugurated its second "green building."
LPL Nabs $4B Group With 135 Reps From Lincoln
Integrated Financial Partners of Waltham, Massachusetts, is joining its IBD and hybrid RIA platforms.