Study estimates that between 12% and 20% of long-term packages signed after 2008 mergers will expire annually over the next four years.
Agency says Dawn J. Bennett and her firm inflated numbers from at least 2009 to February 2011 to try and lure in clients to new firm.
Broker-dealer also agreed to pay $950,000 as part of a settlement with Finra over allegations of improper sales of unregistered penny stocks and anti-money-laundering supervisory lapses.
Former head of the private client group Robert Okin agrees to bar and $125,000 payment in settlement; branch manager and broker also accept penalties
A decline in compensation expenses in the first quarter helped the wirehouse hit its 22% profit margin target three quarters ahead of schedule. <i>(Don't miss: <a href="http://www.investmentnews.com/gallery/20150406/FREE/406009999/PH/the-6-highest-paid-broker-dealer-executives" target="_blank">The 6 highest-paid B-D executives</a>)</i>
Award is tied to string of cases brought by retirees who said a broker placed them in unsuitable investments.
A former Green Bay Packers starter is unlikely to recoup funds lost from Resource Horizons, a firm that's already racked up more than $4 million in unpaid damages. <i>(More: <a href="http://www.investmentnews.com/gallery/20130812/FREE/812009998/PH/athletes-vs-advisers" target="_blank">7 famous athletes who claimed they were duped by advisers</a>)</i>
Family-owned brokerage firm Lincoln Investment Planning has sold a 20% stake to Lovell Minnick Partners, a private equity firm.
Dwight Freeney accuses the firm and adviser Michael Bock of leading him into a massive scam. <i>(Plus: <a href="http://www.investmentnews.com/gallery/20130812/FREE/812009998/PH/athletes-vs-advisers" target="_blank">7 athletes who say they were duped by advisers</a>)</i>
