Regulators are concerned that brokers are jumping into the RIA channel to take advantage of a lax regulatory climate.
Fintegra is working to come up with a plan to save the company as its net capital falls below regulatory requirements.
Firm wins a temporary restraining order against four advisers accused of sabotaging the wirehouse when they jumped to UBS.
Finra bars 10 at New York broker-dealer Global Arena Capital Corp. after investigating brokers who migrated from an expelled firm.
Just as the two-year-old wealth management venture of Cantor Fitzgerald & Co. has been looking to regroup after a slow recruiting year and the departure of two top executives, a third senior executive has left.
Thomas Buck was fired from Bank of America Merrill Lynch in March. Now Finra has barred the former top broker, who had joined RBC Wealth Management.
Group of three advisers produced $7.8 million in revenue.
Marc D. Lowe, who was terminated over alleged “inappropriate workplace behavior,” joins Wells' employee channel.
Team of four had $5.6 million in production; hire is latest in string of big recruits.
Married brokers claim they were retaliated against after reporting alleged illegal sales tactics at the firm's midtown Manhattan office.
