Independent broker-dealer failed to identify excessive trading in customer accounts and improper reports to customers, Finra says.
After an 18-year career with Oppenheimer, Larry Goldstein affiliates with Cetera’s Summit Brokerage in search of a bigger payout.
Cetera broker in Ohio ordered to pay $490,000 to former associate at Ameriprise who bought his practice.
Merrill teams in Virginia and NYC join independent firms while Stifel group with $180 million of assets affiliates with Ron Carson’s Cetera-based network of firms.
San Francisco-based Genstar Capital expects to close deal in third quarter and will operate Cetera under current brands and leadership.
Indie broker-dealer network splits into two channels, while former American Realty Capital Partners CFO agrees to $160,000 penalty and bar.
LPL’s former top producer now affiliated with Cetera goes on the offensive to lure former colleagues.
Iowa man says son-in-law looted his savings with forged documents and activity that aroused alert from Jackson National but no inquiries from bank-based brokers.
After two months of rumors that he was ending his 27-year relationship with LPL, the big producer jumps to a rival independent firm.