David Hobson exploited inside information provided by his friend, who worked at a pharmaceutical company.
Profitability is up 27% since 2011 as firms become more efficient through technology
Eric Zakarin was also liable for $357,000 of Wells Fargo's attorneys' fees.
Competitive pressures on smaller firms present opportunity for deal making.
Retirees lost $140,000 after Christopher Ariola unduly concentrated them in energy, gold.
The sale of large advisory firms with $1 billion to $5 billion is surging, says DeVoe & Co.
Members of TD's 'Advisor Direct' program may develop new clients. <b><i>(Related read: <a href="http://www.investmentnews.com/article/20161024/FREE/161029966/ria-firms-see-record-number-of-ma-deals-in-first-nine-months-of-2016" target=”blank">RIA firms see record number of M&A deals in first nine months of 2016.</a>)</b></i>
The regulator also ordered John Leo Valentine to pay $140,000 in civil money penalties
Winston Wade Turner misrepresented facts in high-cost annuity transactions.
The firm will announce details of its strategy to comply with the DOL fiduciary rule in the next two weeks. <b><i>(More: <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">The most up-to-date information on the DOL fiduciary rule</a>)</i></b>
