Firm settles charges that it failed to provide less expensive share classes.
Chicago-based Ziegler to keep institutional, investment banking businesses.
Subject was Jerry Lee Travers' payments to a non-registered person.
Broker-dealer must pay fine and reimburse the state over 'Robin Hood' case involving disgraced broker serving more than five years in jail for defrauding clients.
Long-running case centers on reasons firm gave for broker's discharge.
Veteran regulator will ease out of her role through April 2018.
Deal will add $860 million to RMB's $8.4 billion in AUM.
Healthy retail business buoys corporate performance for the year.
Its adviser count is now at 9,890, including the IPI acquisition.
On plaintiff group's agenda: Establishing unpaid arbitration award pool and ensuring SEC doesn't 'water down' DOL fiduciary rule.
