Though top officials are keeping mum, industry executives say prospective buyers have been kicking the tires on this indie brokerage with 739 affiliated registered reps and advisers.
Firms pull the plug after Massachusetts <a href="//www.investmentnews.com/article/20151112/FREE/151119971/massachusetts-galvin-charges-realty-capital-securities-with-proxy"" target=""_blank"" rel="noopener noreferrer">charges RCS Capital with fraudulently rounding up proxy votes</a> to support real estate deals sponsored by AR Capital.
Citigroup's Bill Katz questions report that RCAP was shopping Cetera for "fire sale" price
Curtis Rach and Jud Crary join established practice in Irvine, Calif.
John Hancock Financial Network plans to acquire up to 1,100 advisers from Transamerica Financial Advisors Inc., representing roughly one-quarter of those currently affiliated with Transamerica.
Broker-dealer takes action after Massachusetts' securities regulator charged a related company with fraudulently rounding up proxy votes to support real estate deals sponsored by AR Capital.
Massachusetts securities cop alleges the firm, part of RCS Capital Corp., fraudulently rounded up proxy votes to support real estate deals sponsored by Nicholas Schorsch's AR Capital.
Brokerage firm previously controlled by Nicholas Schorsch expects to have third-quarter loss due to impairment of goodwill and intangible assets.
Now that RCS Capital Corp. has sold its wholesaling business, the cost-cutting can begin in earnest at the 11 broker-dealers with 9,500 advisers who make up its Cetera Financial Group, led by CEO Larry Roth.
Stifel Financial agreed to buy Barclays Plc's U.S. wealth-management business, which has about 180 financial advisers in the U.S. managing $56 billion in total client assets.
$909 million raised is almost as much as the $1.04 billion the firm raised all of last year.
Raymond James Financial Inc. is in talks to buy Deutsche Bank's U.S. private-client brokerage, according to people briefed on the matter. The business has about 250 advisers.
Internet company Blucora pays whopping premium to align the independent broker-dealer with one of its current businesses, TaxACT.
Brian Kovack wants to make the organization more effective without antagonizing firms that are doing the right thing
Exchange warning on share price comes as Massachusetts securities cop Galvin <a href="//www.investmentnews.com/article/20151112/FREE/151119971/massachusetts-galvin-charges-realty-capital-securities-with-proxy"" target=""_blank"" rel="noopener noreferrer">charges its wholesale brokerage, Realty Capital Securities, with proxy fraud</a>.
Move to restrict broker expungement should improve confidence that the arbitration system is fair to investors.
Longtime banker rose through the ranks in Canada and will move to New York.
In response to Finra's warning on suitability, the firm's affiliated brokers will no longer sell certain types of L share annuities, a move that puts the company in line with other B-Ds.
Executive sees recruiting opportunity across the country after October recruiting deal struck.
A snapshot of the technological spending and usage in the IBD channel
