LPL Fined $900K Over Failure to Send 1.6M Notices to Clients
The information should have been sent to investors whose accounts were tied to suitability notices over a seven-year period.
Texas Securities Firm Expelled, Fined $24.6M Over Fraudulent Energy Deals
'Wildcat’ and other investments reaped Red River and its CEO some $3.6 million, but investors lost most of their money.
Valentine's Day Gifts at a Sweet Price Point: LPL
The IBD looks at trends affecting the costs of the most popular gifts for Feb. 14. Overall, prices rose slower than inflation.
Raymond James Adds $5M Morgan Stanley Team
The four advisors switch firms with about $460 million in assets in Mt. Laurel, New Jersey.
Sen. Warren Wants to Know What Role Goldman Played in Trump Exec Orders
With Goldman stock up almost 20% in the past three months, Democratic senators say the new president is "good for Wall Street but bad for Americans."
LPL CEO Says No Way on Pure RIA
The IBD discusses strategy and the impact of recent high-profile departures during its Q4 earnings call.
Bogle: ‘Fiduciary Principle Will Live On’ No Matter What
The lower cost funds and fee-based accounts created in response to the fiduciary rule will remain, writes the former Vanguard CEO.
Northwestern Mutual Wealth Management Hits $100B in AUM
Northwestern Mutual’s client investment AUM has more than doubled from 2006 to 2016.
HighTower Nabs $1B Breakaway Duo in New York: Recruiting Roundup
Meanwhile, RBC adds a pair from Merrill Lynch in Minneapolis with $1 million in yearly fees and commissions.
The Future of the DOL Fiduciary Rule Could Be Decided This Week
As a federal judge in Texas has ruled in favor of the Labor Department, clarity could be coming soon.