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.
Summit Brokerage, a unit of Cetera Financial, imposes new “affiliation fee” of $1,500 a year.
Nebraska-based independent broker denies reports he will take practice to Cetera after more than 25 years with LPL.