Regulator files emergency action to freeze assets of independent broker and advisor who allegedly stole more than $300,000 from elderly client with whom he had a joint bank account.
Three brokers who were overseeing about $375 million in client assets at Wells’ independent channel, are teaming up at Stratos, where they say they will have more marketing freedom and higher payouts.
Merrill solo practitioner with $120 million book joins Wells in Panhandle resort town while Advisor Group pair with $160 million in southwest Florida changes affiliation to LPL.
Broker allegedly failed to properly disclose fundraising for a minor league professional soccer club in Louisville that has since won championships.
Colorado broker left Wells, where she spent more than half of her 38-year career, because of growing charges and its clampdown on small accounts.
Despite pandemic, Wells hired advisors in Pennsylvania and New Jersey who oversaw about $865 million while a Merrill duo near Dallas with $140 million of client assets and a $360-million-asset UBS team in southern California joined Raymond James.