The deal with Stavis & Cohen Financial, which has about $570 million in assets, will bring CI Financial's total U.S. assets to about $13 billion, and its North American assets will total $59 billion.

Terrence Chalk used the alias 'Dr. Terrence Cash' to keep clients from learning about his criminal record and convinced retirees to invest their savings, which he used for his own expenses, according to the SEC.

Financial advisors don't see major disruptions to their clients or their practices despite the uncertainty of the election outcome.

The SEC Enforcement Division's annual report also detailed how the regulator had dealt with the enforcement ramifications of the COVID-19 crisis.

After losing firms during its acquisition of Ladenburg Thalmann, Advisor Group has recouped some assets in the recruitment of Pacific Capital Resource Group in Bellevue, Wash.

Lou Pelliccioni, who spent 17 years with Wells Fargo Advisors, is joining LPL Financial with his son Brice and daughter-in-law Amanda.

There is a disconnect between how businesses are doing and how investors are valuing them. We've been here before.

The newly established Herold & Lantern Investments will include more than 60 professionals in offices in New York, New Jersey, Texas and California.

Critics worry that the latest rule changes will weaken investor protections by expanding the number of investors who could access the markets yet would be unable to sustain heavy losses.