Ladenburg Thalmann to Buy Securities America
Ladenburg Thalmann said that it planned to pay Ameriprise Financial $150 million in cash for Securities America in late August. In addition, the Miami-based broker-dealer says it will pay up to $70 million in 2012 and 2013 in so-called earn-outs, as the firm explained in an SEC report. Plus, Ameriprise...
Securities America Sale: Final Price Could Be $220 Million; Big Retention Bonuses
Ladenburg Thalmann files 8-K; retention bonuses of 15% of yearly fees and commissions are being offered by the company, sources say.
WFP Securities Latest Broker-Dealer to Close
Latest company to shutter in MedCap, Provident case.
Securities America Denies Charges of Departing Reps
Anonymous sources insist advisors are leaving or planning to leave the firm.
Ameriprise to Pay $150 Million to Settle Securities America Charges
Settlement still needs court approval, claimants’ buy-in; no wrongdoing admitted by Securities America.
Securities America’s Calls With FAs Focus on ‘Progress’
Mood of some Securities America advisors and experts remains cautiously hopeful, while others stay skeptical
‘Substantial Progress’ Reported in Securities America Mediation Talks
Independent BD, backed by parent Ameriprise Financial, says “all interested parties” have committed to a process to resolve legal issues.
Securities America Isn't Only BD That Sold Provident, Med Cap, List Shows
While most advisors may emerge unscathed, the independent broker-dealers that survive may need to rework operations to stay afloat.