Securities America

Securities America has paid more than $15 million in an SEC case and settlements with the fraud victims of Hector May and his daughter, Vania May Bell.

Two Securities America brokers and their firm must pay the large award after a case that leaves many unanswered questions.

Kristin Kimmell brings decades of experience and notable success as the replacement to the former head recruiter promoted only last year.

The Advisor Group IBD missed 55 alerts suggesting suspicious disbursements by clients of Hector May, according to the SEC.

The 20-advisor team left Advisor Group’s Securities America for the private equity-backed holding company’s independent subsidiary, Cadaret Grant.

Recruiting and retention of talent looms large for Advisor Group after it rolled up three firms in the wake of a massive acquisition.

The No. 1 IBD is responsible for nearly half of the dozen mega-moves in its sector this year.

The advisor allegedly used an omnibus trading account to help himself and hurt his clients to the tune of tens of thousands of dollars, according to the regulator.

The largest percentage of women advisors for any single firm rose from the previous year, but the available numbers paint a stark picture.

While CEO Jamie Price says tech capabilities rather than cost savings prompted the decision, he acknowledges the need to win over the reps who are now set to change firms.

The No. 1 IBD added Securities America’s largest enterprise, whose founder says the firm’s new private equity-backed owner made him uncertain about the future.

Moody’s lowered the giant IBD network’s credit rating with sobering words that could resonate across wealth management.

Rivals will be waiting to seize on any changes that may irk some 4,400 representatives poised to operate under a new parent IBD network.

The acquisition of Ladenburg Thalmann for $1.3 billion would take the private equity-backed firm into the realm of the largest firms in the sector.

The Reverence Capital Partners-backed network would expand into nine subsidiary brands with 11,500 advisors under the deal, taking the selling firm private.

The network of five IBDs with 4,400 advisors hasn’t made a final decision, according to Bloomberg News.

Median revenue surged by 18% in the sector, but forward-looking companies have already adjusted to a fast-changing industry.

A barred and terminated former Securities America advisor’s conduct was “appalling, reprehensible and evil,” according to a federal judge.

The stark figures show that only about one-sixth or fewer of the sector’s financial advisors are women.

Ladenburg Thalmann's largest firm has added at least five teams in the wake of recent acquisitions by rivals.