Cetera to advisors: Selling your practice requires our OK
If financial advisors don't seek the firm's approval, they risk running afoul of securities regulators, Cetera said.
In a major brokerage firm move that appears to some to be coming out of left field, Cetera Financial Group recently alerted its roughly 8,000 financial advisors that selling their practices, often the most valuable asset an advisor owns and controls, requires the approval of the firm.
If advisor
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