When Chris Wanken's dad, a branch manager affiliated with Raymond James Financial Services Inc., fired him last March, it ignited a smoldering family dispute that experts say might have been avoided with better planning.
Following the recent death of its chief executive Gordon Loetz, GunnAllen Holdings Inc. of Tampa announced a series of management changes this morning.
After months of waiting for talks on the sale of the three broker-dealers that make up the AIG Advisor Group to be resolved, many of the more than 6,000 representatives and financial advisers in the network are growing anxious about their future.
Finra securities arbitration panels have handed investors two huge wins in recent months, but lawyers and industry observers are divided about whether such noticeable awards signal favorably for investors.
John Simmers, one of the most widely respected executives in the independent-contractor brokerage business, is stepping down from the ING Advisors Network. Mr. Simmers, chairman and CEO of the network, told advisers about his decision to retire on a conference call yesterday afternoon.
The U.S. government’s $787 billion stimulus package offers ripe opportunities for fraud, according to criminal experts.
In one of the single largest securities arbitration awards ever, Merrill Lynch & Co. Inc. has been ordered pay $39.8 million to a group affiliated with the Freemasons.
After losing a number of brokers to big boys on Wall Street, David Lerner went to the mat on two arbitration cases.
When Dain Rauscher Inc. bought Minneapolis neighbor Wessels Arnold & Henderson LLC four years ago, it thought it also was snagging all the top executives of the investment bank, known for its technology deals.
