Paul Lebel, formerly registered with LPL Financial, was barred by the Securities and Exchange Commission for defrauding four customers by churning their accounts.
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Paul Lebel, formerly registered with LPL Financial, was barred by the Securities and Exchange Commission for defrauding four customers by churning their accounts.
In 2015, wirehouse firms such as UBS Financial, Merrill Lynch, Wells Fargo Advisors and Morgan Stanley, incurred a net loss of 312 reps.
LPL Financial is changing the way it pays commissions to its brokers when they sell routine investment products like mutual funds and variable annuities.
LPL Financial and its top Louisiana advisor split ways last month when received the advisor receiving a Wells Notice revealing an investigation by FINRA. Registration data showed that Garrett Ahrens and his firm, Ahrens Investment Partners, left LPL on August 18th.
Two large financial services firms have entered a heated dispute over the poaching of 60 brokers.
A former New York based broker-dealer, Arjent LLC and its UK-based affiliate, Arjent Limited, were on the edge of insolvency when the company Chairman and CEO Robert P. DePalo, along with Managing Director and co-owner Joshua B. Gladtke, made false representations to investors in an effort to keep both companies afloat and fund DePalo and Gladtke’s extravagant lifestyles.
FINRA ordered LPL Financial to pay $11.7 million in fines and restitution for the firm’s supervisory failures related to sales of complex products.
New Hampshire securities regulators fined LPL Financial $3.6 million for allegedly selling unsuitable real estate investments to elderly clients.
A former LPL Financial broker has been permanently barred by FINRA for allegedly borrowing $2.3 million from seven clients to build a vacation rental property in Hawaii.
WealthFeed leverages proprietary AI technology to collect nine real-time financial data points, including business sales, capital raises, inheritances, and job changes.
The Securities and Exchange Commission (SEC) is ramping up its enforcement efforts targeting off-channel communications, particularly text messages, among investment advisory firms.
B. Riley Financial Inc. has encountered a setback in filing its audited results within an extended timeframe, adding to existing pressure amid concerns raised by short sellers regarding its association with a former business partner.