Cary Street will merge with Waypoint Advisors, creating a combined firm with $4 billion in client assets.

He may face insurmountable hurdles to winning Senate confirmation for the U.S. attorney post.

The Court ruled 8-1 in Liu vs. the Securities and Exchange Commission that the practice was allowable provided that the fees did not exceed the "wrongdoer's net profits," according to a majority opinion written by Justice Sonia Sotomayor.

The regulatory agency for broker/dealers has changed language to make clear that its rule would not apply to recommendations covered by the SEC's rule, which will be implemented on June 30.

The startup saw investments from Northwestern Mutual and the NBA All-Star.

If approved by the Senate, Crenshaw would take the seat previously occupied by Robert Jackson Jr., who left the commission earlier this year.

Nearly 40% of LPL’s training program participants have been children of advisors, so the IBD is evolving the offering accordingly.

The firm has added Plaza Advisory Group, an advisor team with $1.2 billion in client assets, the first to join its new independent contractor model.