The robo RIA, Wahed Invest, misled its clients about its proprietary funds, according to the SEC.
The former adviser alleged that J.P. Morgan Securities defamed him on the Form U5 it filed when he was discharged in 2017.
Its purchase of Cook Street Consulting, a Denver-area institutional retirement planning firm with $72 billion in assets, follows its acquisition last year of $43 billion Hyas Group.
Meanwhile, the adviser, James Iannazzo, who was arrested after an incident at a Connecticut smoothie shop, was ordered to stay away from the shop, according to a news report.
LPL saw growth in assets from three sources last year: its recruiting of financial advisers, in-house growth and its acquisition of the wealth management business of Waddell & Reed.
Daniel Needham will head up the new unit, which will include existing functions such as managed portfolios, portfolio management software and investment data aggregation.
At the center of the judge's order to vacate the arbitration decision were questions about whether or not Finra arbitration was a neutral forum for investors.
Like its competitors, the Swiss bank had a strong quarter when it came to reeling in net new client assets.
Days after hiring Robert McCann, former UBS chairman for the Americas region, NewEdge announces more UBS veterans are joining the firm.
For the 12 months ending in December, the firm reported net new asset growth of 11%, matching the growth seen by rival Morgan Stanley.
