Another small, independent broker-dealer that faces mounting legal claims is exiting the business, this time after selling real estate deals by a bankrupt syndicator.
Moore says niche deals more likely; Securities America, Investors Capital currently on the block
LPL Investment Holdings Inc. expects to save up to $12 million in 2012 by moving brokers from its subsidiary Uvest Financial Services Group Inc. from an outside clearing firm to LPL's proprietary platform.
CEO Casady establishes a fine to keep execs from discussing company's share price; one offender so far
The marketplace for nontraded real estate investment trusts has exploded with new offerings over the past couple of years, but executives at independent broker-dealers are leery of opening their platforms to such products
Three independent broker-dealers are suing their insurance carriers for failing to cover investors' legal claims, with one charging that its carrier has exposed it to “financial ruin.”
Nearly 100 small to midsize independent broker-dealers find themselves in trouble over sales of tenant-in-common exchanges, a form of real estate ownership in which two or more parties hold fractional interests in a property
Nearly 100 smaller independent broker-dealers sold TICs -- a real estate investment vehicle -- from an Idaho-based distributor that went bust. Now, a bankruptcy court official is putting the bite on those firms.
Finra censures Amerprise after the firm purportedly discovered a broker who was allegedly forging client signatures -- but failed to boot him out of the company for over two years.
In a huge turning point for Securities America, the besieged brokerage and attorneys representing investors have purportedly agreed to settle lawsuits arising from the sale of soured private placements
