The financial advisor allegedly made unsuitable recommendations to buy non-traded real estate investment trusts and variable annuity surrenders and exchanges.
The nominee to lead the Securities and Exchange Commission said the regulator should evaluate if retail investors are getting the best execution for their trades.
Breaking away from a wirehouse for the independent channel can mean some real changes in compensation, but the comparison can be complicated. This infographic breaks down the differences.
Finra alleges that the former LPL Financial advisor billed the family of an elderly client for a will that the FA says he downloaded from an online legal website.