When asked whether GWG's L Bonds were in default, a company spokesperson declines to comment.
Isaac Grossman hopped from firm to firm over his 13 years in the securities industry, and eventually was permanently barred from acting as a broker by Finra.
The robo RIA, Wahed Invest, misled its clients about its proprietary funds, according to the SEC.
The former adviser alleged that J.P. Morgan Securities defamed him on the Form U5 it filed when he was discharged in 2017.
Its purchase of Cook Street Consulting, a Denver-area institutional retirement planning firm with $72 billion in assets, follows its acquisition last year of $43 billion Hyas Group.
Meanwhile, the adviser, James Iannazzo, who was arrested after an incident at a Connecticut smoothie shop, was ordered to stay away from the shop, according to a news report.
LPL saw growth in assets from three sources last year: its recruiting of financial advisers, in-house growth and its acquisition of the wealth management business of Waddell & Reed.
Daniel Needham will head up the new unit, which will include existing functions such as managed portfolios, portfolio management software and investment data aggregation.
At the center of the judge's order to vacate the arbitration decision were questions about whether or not Finra arbitration was a neutral forum for investors.
Like its competitors, the Swiss bank had a strong quarter when it came to reeling in net new client assets.
