The FPA, IAA, CFP Board and others are asking Congress to reinstate the tax deduction, which was repealed in the 2017 tax law, as well as expand the number of taxpayers who could benefit from it.

LPL has hired Aneri Jambusaria as its new head of strategy, replacing Dimple Shah, who left the company last summer.

The news comes nearly a year after the Massachusetts commonwealth secretary filed a complaint against Stephen Querzoli, who was with the Philadelphia-based firm until 2018.

'We did not lay anyone off in 2008. We will not lay anyone off during the current crisis,' said CEO Ron King.

Peter Mallouk’s firm took in $500 million in net new assets, and over a hundred new clients, during the past few weeks. 'It’s been our best month in a long time.'

The SEC's work over the past 10 months with broker/dealers, advisors and regulatory agencies has prepared everyone for compliance by the end of June, Chairman Jay Clayton said today.