Tagged with "Cetera Financial Group"

Cetera Financial Group To Pay $4.2 Million for SEC Mutual Fund Investigation

Posted on March 10th, 2021 at 1:37 PM
Cetera Financial Group To Pay $4.2 Million for SEC Mutual Fund Investigation

In August 2019, the Securities and Exchange Commission (SEC) charged Cetera Advisors with breaching its fiduciary duty and defrauding retail advisory clients in connection with transactions involving its mutual fund.

Read More »

After 1.75 Billion Acquisition of Genstar Capital, Cetera Financial Group Announces a New Alignment Program

Posted on October 11th, 2018 at 10:00 AM
After 1.75 Billion Acquisition of Genstar Capital, Cetera Financial Group Announces a New Alignment Program

Cetera Financial Group has announced a new alignment program in an effort to depart from its past industry compensation practices and raise its level of engagement for its 8,000 advisors. Cetera’s announcement proceeds the firm’s $1.75 billion acquisition of Genstar Capital.

Read More »

FINRA Fines Eight Broker-Dealers for Violations Related to Sales of Variable Annuity L-Shares

Posted on November 25th, 2016 at 10:00 AM
 FINRA Fines Eight Broker-Dealers for Violations Related to Sales of Variable Annuity L-Shares

FINRA has fined eight firms which include Voya Financial Advisors, Kestra Investment Services, FTB Advisors and five broker-dealer subsidiaries of Cetera Financial Group, comprising of Cetera Advisor Networks, Cetera Financial Specialists, First Allied Securities, Summit Brokerage Services and VSR Financial Services. 

Read More »

Bad News for Nicholas Schorsch’s RCS Capital Corp. (RCAP)

Posted on December 10th, 2015 at 8:53 AM
Bad News for Nicholas Schorsch’s RCS Capital Corp. (RCAP)

Nicholas Schorsch has been considered a pioneer in alternative investment since he founded his brokerage holding company RCS Capital Corp. (RCAP). Not more than two years ago he compared RCAP to Wall Street greats Merrill Lynch and Raymond James Financial, Inc. 

Read More »

Cetera Shuts Down J.P. Turner Broker-Dealer

Posted on September 9th, 2015 at 9:10 AM
Cetera Shuts Down J.P. Turner Broker-Dealer

Cetera Financial Group will shut down J.P. Turner, its Atlanta-based broker-dealer that Cetera acquired in June 2014. J.P. Turner had 291 reps as of last year end, but has lost more than half of the reps when they joined Summit Brokerage Services, another Cetera firm.

Read More »

TESTIMONIALS

Previous
Next

Jim, Stephany and the whole team were a God send.  We felt like we were put into a situation where we had no advocate. Jim’s team came in with a strong, well laid out strategy on how to get our story heard. Where our outside compliance company had no ability to help, our Broker Dealer was impenitent, and the regulators were aggressive pursuing vague rules, Jim came like a barricade against an assault we did not understand. Though you pay member dues to be affiliated with FINRA and a B/D, you have no voice. The only thing that is truly heard in this un-level playing field is a bulldog’s bark like Jim’s. I would encourage anyone to call Jim and his team to find a real ally in the tough and complicated world of securities regulation. They are truly the best.

Greg P.

LATEST NEWS AND ARTICLES

March 24, 2023
Heartland Bank & Trust Co. Agrees to $9 Million Settlement For Allegedly Aiding and Abetting a Ponzi Scheme

The Securities and Exchange Commission (SEC) has agreed to a $9 million settlement
with Heartland Bank & Trust Co. over the bank’s alleged role in aiding and abetting a $75
million Ponzi scheme.

March 23, 2023
Morgan Stanley Obtains TRO Against Pennsylvania LPL Advisor Over Inherited Accounts and Misrepresentations

A federal judge has awarded Morgan Stanley a temporary restraining order (TRO)
against a Pennsylvania-based advisor who recently departed for LPL Financial.

March 22, 2023
Sanford Bernstein & Co. and Alliance Bernstein Face FINRA Arbitration Claim Over Options Advantage Strategy

Sanford Bernstein & Co. and Alliance Bernstein (Bernstein) are facing what could be the first of several Financial Industry Regulatory Authority (FINRA) arbitration claims related to its Options Advantage Strategy.