Selling away is just one of the allegations that felled James “Jeb” Bashaw, LPL's former Houston branch manager.
Nicholas Schorsch's own broker-dealer joined the wave of B-Ds bailing out of the REIT czar's products.<i>(Also: <a href="http://www.investmentnews.com/article/20141105/FREE/141109966/with-stock-off-sharply-schorschs-rcs-capital-says-were-not-arcp" target="_blank">Schorsch's RCAP to investors: 'We're not ARCP.'</a>)</i>
Finra fines WFG Investments $700,000 for failing to supervise registered reps
The rest of this week's must-read stories include Betterment's robo-adviser for humans, big changes afoot in Social Security, and a focus on picking the right alternatives for clients
Mark Casady apologizes to LPL Financial shareholders for compliance missteps as company takes hit to third-quarter profits. <i>(See also: <a href="//www.investmentnews.com/article/20141017/FREE/141019926"" target=""_blank"" rel="noopener noreferrer">LPL's regulatory hit list</a>)</i>
Former star LPL broker and Houston branch manager James "Jeb" Bashaw is no longer joining Wunderlich Securities, and is also fighting back against <a href="http://www.investmentnews.com/article/20141013/FREE/141019977" target="_blank">LPL's allegations</a>.
Analysts are unnerved by LPL Financial's inability to close the cash register on regulatory charges after CEO Mark Casady <a href="//www.investmentnews.com/article/20141021/FREE/141029976"" target=""_blank"" rel="noopener noreferrer">said compliance failures could cost $23 million</a> in the third quarter.
CEO Wayne Bloom says the firm is considering how a robo offering could help its advisers better connect with clients.
Social Security and annuities make news, LPL's regulatory headaches continue, and the rest of this week's must-read stories for advisers.
LPL Financial cuts 11 cents a share from its third-quarter earnings forecast after projecting it will need another $18 million to satisfy regulatory concerns.
This week's must-read stories for advisers include employment drama at LPL and Merrill, Bill Gross speaking out, and a renewed push for more women in advice.
James “Jeb” Bashaw is now registered with small broker-dealer International Assets Advisory.
Massachusetts Commonwealth Secretary William Galvin announces payment to reimburse senior citizens for surrender charges paid when switching variable annuities.
Latest blow to REIT czar after $23 million accounting scandal at ARCP uncovered.
Fallout from ARCP accounting debacle continues as two more broker-dealers, including the largest in the U.S., have suspended the sale of REITs sponsored by companies controlled by Nicholas Schorsch.
Broker-dealer moves after National Planning Holdings <a href="//www.investmentnews.com/article/20141030/FREE/141039985/national-planning-holdings-puts-kibosh-on-arc-nontraded-reit-sales"" target=""_blank"" rel="noopener noreferrer">puts kibosh on ARC nontraded REIT sales</a> in wake of $23 million <a href="//www.investmentnews.com/article/20141029/FREE/141029902/schorschs-empire-jolted-by-23m-accounting-mishap"" target=""_blank"" rel="noopener noreferrer">accounting mishap</a> at Nick Schorsch's ARCP.
More in line with the business of advisers who charge fees rather than brokers who receive a commission.
<b>LPL Focus 2014</b>: Firm CEO Mark Casady tells 3,500 advisers to be ready for more requests for documentation and background.
Bruce Meyers allegedly inappropriately pushed an offering for a pharmaceutical company he co-owns.
After paying off $182.3 billion bailout, insurer focused on property-casualty coverage, life insurance and retirement.
