Securities America to Pay $1M Over Sales of MedCap Notes
Earlier, the IBD agreed to give some $2.8 million to some 60 investors who lost millions as the firm went into default.
Ladenburg Thalmann Hosts Female-Advisor Event for IBDs
The women met in Salt Lake City and heard from Col. Jill Morgenthaler and other VIPs.
Securities America Buys $2B Advisor Group, Wraps Up 9th Deal
The IBD is adding some 67 advisors who produce $11 million in yearly revenue near Rochester, New York.
Recruiting Roundup: Pensionmark Draws $1B Group to Network
Other advisor teams and registered reps move to affiliate with NPC, Securities America and Capital One.
Securities America to Buy Foothill Securities' Advisor Business
In the deal, Securities America will add up to 210 advisors with some $5 billion in assets.
Stifel’s Profits Crash in Q2 Despite Wealth Growth; Ladenburg Results Weaken
Stifel Financial is getting rid of the indie reps it bought from Sterne Agee, but holding on to the ex-Barclays reps.
Securities America to Pay $1.5M for Fund Overcharges
The broker-dealer "disadvantaged" 1,514 clients who were eligible to buy share classes without extra charges, FINRA says.
Recruiting Roundup: $400M Team Leaves First Allied for DFPG
In other news, Raymond James says a bank group has become its latest institutional affiliate.
Recruiting Roundup: HighTower, Securities America Add Advisors
RDM Financial becomes HighTower partner with $700 million in assets; Felix Jones leaves Holmes Organization with $80 million.
Regulator Slams Securities America, Advisor Over Alzheimer’s Ad
The IBD denies charges that it failed to supervise an advisor and his "grossly deceptive" radio marketing efforts in Massachussetts.