Three-broker group in Rochester, N.Y., joins firm's employee unit
Regulator says Ralph Villanueva Villavicencio failed to provide testimony for its investigation.
Four-adviser Claris Financial is based in Glen Allen, Va.
Firm says move expands its trust company capabilities and ability to serve complex financial needs.
But no fines or restitution imposed because two of the three have filed for bankruptcy.
Four-person group joins the Alex. Brown division of Raymond James.
Investment Adviser Association and NRS also say number of firms increased by 2.7% year over year.
Brokers implied government affiliation or approval, says enforcement action
Kenneth L. Jones had been terminated for not disclosing outside business.
William Galvin reiterates support for fiduciary standard in letter to DOL.
