Marcato Capital Takes 6.3% Stake in LPL
The hedge fund, known for its activist approach, thinks LPL's shares are undervalued.
Advisors Lure Million-Dollar Clients on Social Media
Some 17% of respondents to an American Century survey said they acquired business of at least $1 million in part because of social media.
SEC Fines First Eagle, Affiliate $40 Million for Improperly Charging Shareholders
The firms used shareholder money instead of 12b-1 fees to pay for fund distribution, the SEC said. Similar enforcement actions could be in the offing.
Lebenthal Adds Co-CEO as Chief Takes Reins of Wealth Unit
Ex-Ally Bank CEO Barbara Yastine will join Alexandra Lebenthal in the top role as Frank Campanale steps down as wealth chief.
Top Portfolio Products: New ETFs From State Street and Direxion
Hedge your currency risk or double down on a leveraged sector stock bet? That's what some of this week's new portfolio products offer.
FINRA Floats Tougher Expungement Rules
FINRA arbitration panels would have to provide a more detailed rationale for granting a rep's request to have black marks wiped off their BrokerCheck report.
‘Our Reputation Stands on Its Own’
One of your reps suddenly leaves, taking several HNW clients and disparaging your firm. How do you mitigate reputational risk? How do you respond?
LPL Taps Ex-FINRA Regulator for Deputy Counsel Post
The independent broker-dealer also says it has set up a Regulatory Counseling group firmwide.
The Indie Robo-Advisor: A Doomed Business Model?
Bigger competitors and growth-hungry venture capitalists are bearing down on software-only "eRIAs," but there may be a way out, Cerulli says.
Recruiting Roundup: Raymond James Nabs $550M Team From UBS
Meanwhile, U.S. Trust adds four advisors, and Cetera picks up Gough Financial as part of an OSJ.