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.
As its parent emerges from bankruptcy, Cetera Financial races to complete sale of another broker-dealer.
VSR Financial Services will be closed as firm shrinks its franchise.
Cetera Financial Group and its parent company RCS Capital Corp. have moved to settle a case that it brought on February 25 to prevent private equity firm Lightyear Capital from poaching top Cetera executives.