Richard Hendrickson, a 19-year Edward Jones veteran said to produce $2 million on $250 million of client assets, left with two administrators last Friday.
Files putative class-action alleging company-wide policies that disadvantage African Americans from training through territory assignment to account inheritance.
Regulator charges rookie broker who touted himself as one of Illinois’ top retirement strategists with “false” and “exaggerated” claims.
Class-action suit says firm’s “reverse churning scheme” padded firm’s bottom line by moving buy-and-hold fund investors out of commission accounts.
St. Louis-based firm grew advisor headcount by 8% and branches by 14% last year due to higher-than-usual retention and hiring.
Firm’s policy of requiring some advisors to repay up to $75,000 of training costs violates federal labor laws, class-action lawsuit claims.
California broker put a rival broker’s name and number on internet gay solicitation ads.
Managing Partner Jim Weddle scoffs at critics who say firm is crowding out existing brokers with accelerated growth strategy.
Finra slaps Arizona broker with a short suspension and $5,000 fine after his current employer Raymond James collected $15,000 from him for customer privacy violations at his former firm.
As part of broader industry effort to remedy dramatic gender imbalances among their brokerage force, firm creates new measurement tools to motivate training and leadership development for women.