Cetera Financial Group

The IBD network added a community bank’s investment program after exceeding the goals it set at the beginning of 2020, its head recruiter says.

The rep reeled in at least a dozen victims to the complex scam even though he was suspended from the industry for a different case, according to investigators.

Ascensus sold the practice with four reps and $490 million in client assets after acquiring it two years ago.

The private equity-backed firm’s deal could tack on some 900 advisors to its ranks.

New hires come at a moment of heightened competition for talent industrywide.

Despite the credit-positive reading by one agency, the IBDs are competing against less leveraged rivals.

The founding partners of the 300-advisor OSJ will remain in their current roles for three years under the same structure as before the deal.

Despite pledges, the IBD network didn’t collect enough data for suitability reviews of the outside transaction for more than five years, according to the regulator.

In a surprise announcement, Private Advisor Group tapped Moore as CEO nearly two years after he left Cetera for undisclosed medical reasons.

Five firms agreed to pay $3 million to settle an SEC investigation into unsuitable sales of complex exchange-traded products.