2+ day, 19+ hour ago   (841+ words) Two years after the board of directors at LPL Financial Holdings Inc. fired him, Dan Arnold, LPL’s second CEO as a public company, is returning to the wealth management industry, this time to help lead a relative newcomer, Stirlingshire, in…...

1+ week, 3+ day ago   (606+ words) In what some plaintiff’s attorneys are calling a sea change for investor protection, a federal judge in July, and then later backed by FINRA, halted almost 100 investor lawsuits against broker-dealers that sold high-risk, high-priced private placements issued by Inspired Healthcare…...

2+ week, 1+ day ago   (380+ words) Federal authorities have arrested two men for defrauding more than two dozen women out of $1.3 million in a romance scheme where one of the men pretended to be an NFL player and the other posed as his financial advisor. According…...

2+ week, 1+ day ago   (612+ words) An arbitrator under the aegis of FINRA Dispute Resolution Services this week awarded Morgan Stanley close to $8.7 million to be paid by a former advisor at the firm who was found guilty of two counts of fraud related to a…...

3+ week, 2+ day ago   (449+ words) Two teams managing a combined $590 million in client assets have moved to independent broker-dealer platforms, underscoring continued momentum in advisor recruiting at LPL Financial and Raymond James. Firstly, Paul McCutchen and Jarod Wesson, AAMS, have joined LPL Financial from Edward…...