Auto dealership owner who sold a majority stake to the firm said it is running a Ponzi-like scheme.
Both firms on receiving end of steady drip of advisers leaving Wall Street.
The discount broker and RIA custodian stands to pick up $90 billion in client assets.
Meanwhile adviser annual productivity reaches new peak of $1.35 million.
After keeping a low profile for past few years, one-time REIT czar re-emerges to face consequences for past wrongdoing.
Two clients, including the former governor of New Hampshire, alleged their broker excessively traded their accounts.
After two years of changes to focus on adding clients, the firm intends to stand pat.
Board's new Code of Ethics and Standards to be enforced next June, in line with the SEC's Reg BI
The former REIT czar and his firm wrongfully obtained millions linked to REIT mergers.
The firm had a net loss of 29 advisers compared with 140 the quarter before.
