LPL's disclosure follows a crackdown by US regulators on financial firms' failure to monitor employee communications on messaging apps.
According to investment bank Robert A. Stanger & Co. Inc., January nontraded REIT sales to retail investors totaled just $596 million.
For the last six years, Lindsay Hans has headed Merrill's Northeast and Mid Atlantic Divisions. She succeeds Don Plaus, who's retiring.
The firm, which has been a dealmaking machine since it launched in 2004, will go private as a result of its acquisition by private equity manager Clayton Dubilier & Rice.
After leaving Thomas H. Lee Partners in 2006, he started another firm, Lee Equity Partners, that made a handful of significant transactions in wealth management shops.
Julian Lopez will focus on LPL's relationships with independent advisors.
The firm lost the huge arbitration decision, which was decided by a Finra panel, last year to eight investors who were sold a private equity fund by a former Oppenheimer broker, John Woods.
Laidlaw & Co., with eight branch offices and 75 registered reps, was fined $200,000, according to Finra.
Two types of worrisome trends emerge in the app landscape that financial advisors must watch out for.
CEO Rudy Adolf said nothing about the potential sale during the firm's quarterly earnings call with investors Thursday morning.
