Head of Commonwealth Capital Securities reaches $1.5M settlement with the SEC over claims of misleading compensation disclosure. And this comes five months after a Finra complaint over misuse of investor cash.
Advisor Group, the IBD owned by AIG, laid off employees this week. Sources outside the company said the lion's share of the layoffs came from Woodbury Financial Services.
Insurer has axed 2,500 reps in the past year.
Property company's buying binge rolls on; rebuffed in March by Cole
CEO Casady says strong markets keeping advisers put though firm's pipeline is building.
LPL finds itself in the headlines for the third time this week as a former adviser gets charged by the SEC for stealing $2 million from clients.
