Updated Sunday, November 23, 2014 as of 10:56 AM ET
Ex-LPL Rep Suspended 18 Months & Must Pay $243K, FINRA Says
FINRA hands out 18-month suspension, $10,000 fine and $233,000 in 'disgorgement' for selling away and nondisclosure issues, documents say.
More in Independent BDs
Point72 Asset Management said it took a 5.1% passive stake in RCS in a Nov. 14 regulatory filing. more »
Advisors need to face a hard truth: Independent RIAs have lost this round. Fortunately, there are other, better ways to set yourself apart. more »
J.P. Morgan has lost advisors to its rivals, including a team with nearly $1 billion in AUM. Meanwhile, RBC Wealth Management has recruited several advisor teams managing more than $350 million in assets. more »
RCS Capital said it was contacted by FINRA and the SEC after accounting errors were disclosed at American Realty Capital Properties. more »
Nicholas Schorsch's expanded financial advisory business reported adjusted net third-quarter income of $35.5 million on Thursday, but revenue was driven by higher retail and investment management results. more »
Janet Robinson is the first woman to join the 8-member board of the independent firm founded by wirehouse managers and affiliated with Raymond James Financial Services. more »
Worries about a tidal wave of retiring advisors may be overblown, say some wealth management executives. more »
RCS executive says it “will take some time” to restore normalcy to his embattled firms. more »
LPL says it has indefinitely suspended sales of investment products sponsored by American Realty Capital and RCS Capital. more »
Lebenthal Wealth Advisors has recruited a former wirehouse branch manager and two independent advisors to fulfill its growth plans. more »
An independent advisor managing $165 million has joined Ameriprise's employee channel. more »
The Denver-based association announced Friday that it has grown in 2014 to more than 10,000 members and certificates worldwide. more »
Raymond James Financial's private client group contributed to record profits for the company on strong performance. more »
The November Issue is now online!


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