'The financial advisor recommended he put the entire amount in GWG L bonds,' the claimant's attorney says.
The failure to make adequate disclosures is a violation of federal securities laws, according to the complaint.
LPL also hit with $40 million charge related to the SEC's ongoing investigation of electronic communications.
'We are starting to pound the table a little bit about listed REITs,' says Rich Hill of Cohen & Steers.
The process of moving TD RIAs onto Schwab's platform was 'imperfect,' says CEO Walt Bettinger.
'It takes a lot of capital to do this,' Captrust's Rush Benton said in Philadelphia Tuesday.
Recent claims of pay discrimination, retaliation and sexual harassment have served as a painful reminder that progress for women in the financial advice industry is not a straight line.
Peter Mallouk, owner of Creative Planning, owns a piece of a baseball team and has built a firm potentially worth billions.
Buyers of RIAs face plenty of legacy questions, the veteran executive says.
Innovayte is targeting RIAs with $100 million to $800 million in assets and will be led by Catherine “Cat” Davies, a clearing and custody industry veteran.
