Two LPL clients in Texas seek over $1 million in damages in court, claiming churning and overcharging for mutual funds.
Most popular stories and comments from May 15th through 20th.
Duo in Atlanta with more than $9 million of production move to wirehouse after nine years with the smaller firm.
Broker-dealers dodged damage in last week’s ransomware attack but regulators say it should be serious wake-up call.
“You pay for the right to be on a platform and…for the most part that’s a good thing,” former Vanguard CEO and Chairman Jack Brennan says at regulatory conference.
Father-son team of Roger and Josh Carter and fellow broker Brad Edgren reportedly manage more than $4.5 billion and produce more than $13 million as private banking brokers.
Most popular stories and comments from May 8th through 13th.
Finra also suspends a second broker who failed to notify Jones that he and his wife were beneficiaries of an elderly client’s account and estate.
Merrill curtails expensive signing bonuses for veterans, pilots program to hire early-career brokers who are paid primarily through salaries rather than revenue-based payouts.