Shift of “office of supervisory jurisdiction” with about 30 advisors servicing $1 billion to LPL follows 10-year affiliation with unit of Advisor Group.
Nebraska-based OSJ said it moved in part over concerns about its former firm’s recent purchase by private equity-controlled Advisor Group.
David Pintaric, a Daytona Speedway habitue, hopes to recruit brokers to his new business on the eve of Ladenburg Thalmann’s takeover by Advisor Group.
New company will preserve the nine brokerage brands and multi-clearing model for Ladenburg and Advisor Group’s almost 11,500 independent brokers.
Judge grants order restricting WealthPlan Advisors and new advisor who Fidelity Brokerage accused of illegally soliciting clients before and after resigning.
Independent broker in California who allegedly conducted customer business via personal e-mail for more than four years and created incomplete account performance summaries on Excel is barred and fined.
The Securities and Exchange Commission cites share-class and failure-to-disclose improprieties, and reminds firms that they can receive favorable settlement terms if they self-report fund sales violations.