Finra is continuing its crackdown on brokerage firms for failing to give clients discounts for large purchases of investment products.
In SEC filing, Texas REIT United Development Funding IV claims a smear campaign has been mounted to drive down the price of its stock.
They agree with intent of possible legislation, but worry about compliance costs.
Bill Morrissey will return to solely focusing on recruiting and branch development, while Andy Kalbaugh will be in charge of relationship management and business consulting for LPL's reps and advisers.
The company is actively exploring breaking into a U.S. net-lease REIT, an international net-lease unit and an asset management company that creates nontraded REITS and other alts.
Trevor Bond is stepping down two weeks before the firm releases Q4 and yearly earnings. The company said in November it was exploring breaking up into three businesses.
With regulators cracking heads over sales of proprietary products, could the overwhelming success of Edward Jones' Bridge Builder program be a problem?
The self-regulatory organization is continuing its recent push to hold broker-dealers accountable for the suitability of product sales.
Finra ordered a dozen firms to pay restitution and fines totaling $6.7 million for failing to give clients discounts for large purchases of unit investment trusts.
Fines, levied in July and August, top $500,000; Voya Financial takes biggest hit
