Patrick Donachie

Cubby Bice called the situation at Osaic broker/dealer SagePoint Financial “untenable,” leading to his decision to join LPL.

A Kansas federal judge said there was some overlap between the litigation and arbitration against former Edelman advisors who left for Mariner, but it wasn’t “significant enough” to justify a pause in the case.

A House appropriations bill includes a rider that could delay or defund the DOL fiduciary rule. The CFA is urging Congress to stand against it.

The Investment Adviser Association is worried the potential rules would duplicate protections that already exist, according to the organization’s general counsel.

The independent broker/dealer’s acquisition of Atria’s $100 billion in assets, 2,400 advisors and 150 banks and credit unions is slated to close in the second half of 2024.

John J. Woods pleaded guilty last year to a scheme that spanned more than a decade and harmed hundreds of investors throughout the country, according to the Justice Department.

The settlements with Northwestern Mutual, Guggenheim and Oppenheimer & Co. mirror other allegations concerning retaining electronic communications.

Christopher Armstrong seeks to reverse a FINRA arbitration win for Morgan Stanley. The wirehouse filed that arbitration to recoup his part of a previous award owed to Charles Schwab.