FINRA’s 12 Fines of Christmas: Wells Fargo, LPL Flub Security of Records
The companies were fined a total of $14.4 million, as some firms failed to keep millions of records in the proper electronic format.
Raymond James Adds 2 Teams; Wells Fargo Nabs Breakaways: Recruiting Roundup
Meanwhile, LPL Financial attracts affiliated advisors from rival IBDs, as RBC hires a longtime Merrill advisor with long career at Merrill Lynch.
Casady Leaving LPL at ‘Challenging Time,’ Recruiters Say
The independent broker-dealer says President Dan Arnold will take over from Mark Casady next month.
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.
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.
Raymond James Adds 3 Texas Reps, Shares October Results
The firm attracts the independent advisors from rival LPL Financial in different parts of the Lone Star State.
LPL Continues Strong Recruiting Drive in Q3
A large number of advisors moved to the IBD from Cetera, Wells Fargo and Edward Jones.
12 Best & Worst Broker-Dealers: Q3 Earnings, 2016
After two weak quarters, the financial sector begins to see better results.
What’s the Chance Schwab Will Buy LPL?
Industry consultants don’t mince words when it comes to a rumored merger of two large players in the financial space.