Independent Broker-Dealers

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  1. Articles

    LPL cuts profit forecast to cover higher-than-expected regulatory costs

    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.

  2. Articles

    The regulatory hits keep coming for LPL Financial

    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

  1. Articles

    Reps selling nontraded REITs could be swimming in liquidity

    Up to $13.6 billion in fresh equity expected to flow from listings, mergers and special distributions.

  2. Articles

    Finra sues B-D owner for improper marketing of unregistered securities

    Bruce Meyers allegedly inappropriately pushed an offering for a pharmaceutical company he co-owns.

  3. Articles

    LPL Financial agrees to pay $541,000 for faulty variable annuities switches in Massachusetts

    Massachusetts Commonwealth Secretary William Galvin announces payment to reimburse senior citizens for surrender charges paid when switching variable annuities.

  4. Articles

    Selling away claims behind LPL's termination of James "Jeb" Bashaw

    Selling away is just one of the allegations that felled James “Jeb” Bashaw, LPL's former Houston branch manager.

  5. Articles

    Regional broker-dealers need creativity to keep up in the recruiting arms race

    With deep pockets aggressively recruiting assets tied to teams, advisers need to remember why they are paid bonuses in the first place.

  6. Articles

    Two high-profile adviser terminations take center stage

    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.

  7. Articles

    LPL cuts Houston branch manager Jeb Bashaw

    LPL Financial last month axed one of its largest branch managers, James “Jeb” Bashaw, for allegedly “failing to follow firm policies and industry regulations,” according to his BrokerCheck report.Mr. Bashaw is a star broker in Houston; in 2011, Barron's magazine ranked him the top financial adviser

  8. Articles

    Commonwealth building technology with an eye on the robo-adviser

    CEO Wayne Bloom says the firm is considering how a robo offering could help its advisers better connect with clients.

  9. Articles

    Commonwealth adds first nontraded daily NAV REIT to its platform

    More in line with the business of advisers who charge fees rather than brokers who receive a commission.

  10. Articles

    Schorsch's VSR to pony up in big case on illiquid alts

    New acquisition by nontraded REIT czar costing him — $3.74 million in Texas state court settlement over sale of DBSI notes.

  11. Articles

    Finra's proposed nontraded REIT rule changes could have gone further

    Checks on sponsor companies and protection for investors and advisers is welcome, but statement reporting adds more confusion than clarity

  12. Articles

    Wunderlich acquires wealth management assets of Dominick & Dominick

    The transaction follows several similar deals in recent months — and the trend is likely to continue.

  13. Articles

    RCAP buying Cole Advisor for $700 million

    Nicholas Schorsch's RCS Capital has agreed to buy Cole Capital, which he also controls. Plus: See our map of the REIT czar's empire