A top real estate investor has suspended payments on a private placement hawked by B-Ds
Brookstone Securities socked by Finra for sale of CMOs to the elderly
Press, attention had helped improve nontraded REIT's 'shareholder friendliness'
Boss of Wells Fargo indie B-D shifts to affiliated clearing business
It's another big win for LPL, as star adviser Erin Botsford leaves DeWaay Financial and hooks up with the big indie B-D
Indie B-D Brookstone Securities ceased operations last night, just weeks after a Finra panel ordered it to pay $2.6M in fines and restitution for selling CMOs to seniors. Sources claim the brokerage's reps were not paid today.
