Broker's trading generated $650,000 in commissions while clients suffered steep losses.
The tribe claimed it was unaware of the $11 million in commissions paid to a former Purshe Kaplan Sterling broker.
Advisers working for wirehouses and regional firms control vast amounts of assets that LPL would like to bring under its umbrella.
GPB paid commissions of 9.3%, or $167 million altogether, on the firm's private placements.
No clear value to GPB securities puts them at odds with firm's policy over alternative investments.
Company is offering clients complimentary, two-year membership to an identity theft protection and credit monitoring service.
CFP Board's updated code of ethics and standards goes live in October.
In the wake of its sale, the IBD network will provide update to advisers in 20 cities.
This time, the managers are combining four nontraded BDCs into one $9 billion company.
Three big acquisitions in less than a year signals renewed life in the formerly beleaguered industry.
Edwards Wealth Management hopes to benefit from the breakaway broker trend
Private equity buyer would grab a 75% stake in IBD network that produced $1.7 billion in revenue last year and has nearly 11,800 advisers.
The B-D network produced $1.7 billion in total revenue last year.
Clients allege lack of suitability and due diligence by B-Ds.
At meetings this year, LPL is talking up its ability to finance advisers' growth.
GPB Capital is now a year late in making important financial information public. Finra could discipline brokers who sold the private placement.
In response to changes in the industry, many small broker-dealers are opting to become super branches under a larger broker-dealer. Learn why this could be the best choice for your practice.
Advisor Group's independent broker-dealer network in the U.S. has more than 7,000 advisers.
It's all about transparency: New guidance could help brokers on the move retain loyal clients.
