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Bruton makes first acquisition as CEO of Lucia Capital Group
Derek Bruton didn't waste any time putting his imprint on Lucia Capital Group, striking a deal for the managed equity and fixed-income accounts of West Coast Asset Management, a registered investment advisory firm with $170 million in assets.
LPL to weigh in on tax reform with new federal policy push
Nicole Petrosino, LPL's new head of federal government relations, outlines the firm's agenda, including getting advisers in front of their own elected officials
B-D's fate uncertain after $4M arbitration award
Resource Horizons Group may not be able to meet net capital requirements; Kovack Securities opens its doors to advisers.
WFG Investments facing $650,000 Finra 'global fine'
Comes on heels of another $200,000 penalty last year for missing a stock-fraud scheme
Schorsch adds industry veteran Dwyer to RCAP's team
Former executive at LPL Financial will head up firm's nontraded REIT wholesaling and distribution unit.
Ladenburg Thalmann to buy Securities Service Network for $45M
Cash and stock deal values the firm, with about 450 independent reps and advisers, at 39.4%, lower than other recent deals.
Jay Wintrob resigns as CEO of AIG Life and Retirement
After failing to ascend to the top of American International Group Inc., Jay Wintrob is stepping down as chief executive of AIG Life and Retirement. Among his various responsibilities, Mr. Wintrob supervised Erica McGinnis, who a year ago become the CEO of the AIG Advisor Group network of
Schorsch's RCS buys majority stake in Docupace Technologies
Company provides SEC- and Finra-compliant paperless processing systems to financial services firms.
LPL wants bigger voice in Washington
The independent broker-dealer is set to open a public affairs office in the nation's capital in response to increased federal regulation.
Untangling Nicholas Schorsch's vast web of businesses
The REIT czar's empire is broken down in this "simple" visual covering all entities under his purview
Executives of defunct IBD hit with $1.05 million arbitration award
Investors sued individuals after the firm, Allied Beacon Partners, ran out of capital and failed to pay earlier arb award.
The latest data on technology at independent broker-dealers
A snapshot of tech spending and usage at IBDs
Nontraded REIT guidelines too late for some clients
State securities regulators are making noise about implementing changes to policies that would limit how much a client's net worth could be invested in nontraded real estate investment trusts. Those limits would have helped clients in the case of a Louisiana broker who now has a Finra complaint.