Combined, the new firm will have 1,270 advisers and $260 billion in assets.
The broker, Frank Dietrich, earned $261,000 in commissions from the sales.
The broker, David Fagenson, racked up hundreds of thousands of dollars in commissions from the trades.
Scott Newsholme sentenced to 8 1/2 years in jail for long-running scheme.
Cheryl Ann Stallings allegedly violated LPL's policy regarding fiduciary capacities.
Management makes public statements about weaknesses at company's funds.
B. Riley Financial will own 49% of the shares of the broker-dealer, which has 700 independent reps and advisers
Terrence R. Puricelli was fired in 2016 over concerns of the accuracy of notes in the firm's system.
Firm is boosting adviser payout to compensate for increased office expenses and investing savings in enahcements such as new technology.
A change in auditors can be perceived as a red flag by many investors.
