According to a lawsuit filed by The Hartford, three former senior execs of Woodbury Financial lifted confidential information just before they jumped ship.
While other insurers sell off their indie broker-dealer units, AIG is buying. Indeed, Tuesday's acquisition of Woodbury Financial looks to be the first in what could be a string of deals.
Announcement of a deal for the 1,600 reps and advisers is expected before indie B-D's national sales conference next month
The head of MetLife's broker-dealer operations has parted ways with the insurer. So far, the carrier's management has offered no explanation for the departure.
Eight of the largest nontraded REITs have lost 37% of their equity value over the past seven years, according to an analysis conducted on behalf of <i>InvestmentNews</i>.
Latest RIA deal as managers look to beat capital gains hike
Finra's Susan Axelrod cites lack of 'reasonable diligence' by sellers of nontraded REITs
Industry eyes are on Cole Credit Property Trust II, the latest nontraded REIT to look into going public.
Broker-dealer group considered non-essential, analyst says.
