“After learning about a bad actor who is barred, the securities industry should have a responsibility to put clients on notice,” one lawyer said.
“There’s a substantial demand by advisors to get into that client referral program," one industry executive noted.
Like so many bureaucracies, Finra has a tin ear.
The broker sold the speculative, illiquid GWG L bonds to four customers, despite the bonds not being suitable for them, Finra stated.
A former Merrill Lynch broker, John Christopher Polit, helped launder bribe money for his father, according to reports.
During the third quarter, Corient completed the acquisitions of two firms.
“The variety of consolidators drives competition, but it can make the market confusing,” one recruiter said.
“Stifel Financial made no offer to settle,” the client's attorney said.
George Tamer, recently named as the "channel enablement leader" at Wells Fargo, worked at TD Ameritrade for 20 years until 2021.
Antoniades’ position as CEO of Cetera Financial Group has been in question since spring of 2023.
