Edward Beyn profited by excessively trading accounts of customers who were over the age of 60, the regulator alleges.
Seventeen percent reported abuse, down from 20% in 2010: Investor Protection Trust.
Mr. Fisher will stay on as executive chairman and co-CIO of the investment adviser
The percentage of assets the firm retains when advisers leave is double industry average
Only 5% of clients left the wirehouses last year because they felt fees were too high
The deal is the latest sign of ramped-up dealmaking in the RIA industry.
David Randall Lockey, who had worked for SWS Financial Services, now known as Hilltop Securities Independent Network, is named in the complaint
Investors advised to weed out quality master limited partnerships in commodities slump shakeout
PIABA wants Finra to create a national recovery pool funded by brokerages.
