Most popular stories April 16 to April 22.
Ordered last week to pay $1.1 million to a client for a broker’s allegedly fraudulent product, independent broker-dealer Wilbanks is hit with another $130,000 finding this week over same broker and product.
Dwayne Barberis takes over a midtown Manhattan office after abrupt departure of his predecessor.
A 25-year veteran of a St. Paul, Minn., office borrowed almost $9 million over 15 years on muni bond funds pre-pledged to Merrill; partner also leaves office.
KKR and Stone Point Capital buy majority stake in the advisory firm rollup, valuing Focus at some $2 billion.
Annualized revenue per broker of $1.029 million up 11% from $923 million in year-earlier quarter, while force fell by 111 to 15,777 advisors.
Thundering Herd lost net 89 advisors in first quarter but its force of 14,548 is up by 70 compared with March 31, 2016.
Head of San Francisco team who had been with her former firm since 2001 was dismissed for “misuse of telephone caller identification information.”