RCS Capital is getting out of the wholesale business amid leadership changes. The parent of Cetera Financial Group announced Thursday it would sell its wholesale distribution unit, and some related activities, to Apollo Global Management...
LPL Financial is gearing up to take advantage of the ongoing and projected increase in regulatory burdens by acquiring smaller broker/dealers struggling with the increased complexity...
Despite an uptick in profits and client assets, LPL Financial reported flat revenues for the second quarter that missed analysts’ expectations due to slower sales commissions and ongoing regulatory compliance issues...
Broker/dealer industry group the Financial Services Institute says the Financial Industry Regulatory Authority’s initiative to have firms link to BrokerCheck still needs work...