Posts tagged ‘stockbroker’
Largest Independent Broker-Dealers
According to the Investment News, the following are the top broker-dealers (ranked by reps producing over $100,000):
Click column headers to sort fields
| Rank | Broker-dealer | No. of reps |
| 1 | LPL Financial* | 5432 |
| • | Associated Securities Corp. | 121 |
| • | Mutual Service Corp. | 547 |
| • | Waterstone Financial Group | 275 |
| 2 | AIG Advisor Group | 2782 |
| • | AIG Financial Advisors Inc. | 997 |
| • | FSC Securities Corp. | 753 |
| • | Royal Alliance | 1032 |
| 3 | ING Advisors Network | 2412 |
| • | Financial Network Investment Corp. | 848 |
| • | ING Financial Partners | 672 |
| • | Multi-Financial Securities Corp. | 398 |
| • | Primevest Financial Services Inc. | 494 |
| 4 | AXA Advisors LLC | 2319 |
| 5 | Raymond James Financial Services Inc. | 2316 |
| 6 | National Planning Holdings Inc. | 1423 |
| • | Invest Financial Corp. | 454 |
| • | Investment Centers of America Inc. | 172 |
| • | National Planning Corp. | 524 |
| • | SII Investments Inc. | 273 |
| 7 | Commonwealth Financial Network | 1053 |
| 8 | Northwestern Mutual | 824 |
| 9 | Advanced Equities Financial Corp. | 806 |
| • | FFP Securities Inc. | 386 |
| • | First Allied Securities Inc. | 420 |
| 10 | Securities America Inc. | 715 |
| 11 | Woodbury Financial Services Inc. | 681 |
| 12 | Cambridge Investment Research Inc. | 606 |
| 13 | Wachovia Securities Financial Network | 600 |
| 14 | H.D. Vest Financial Services | 565 |
| 15 | MML Investors Services Inc. | 557 |
| 16 | J.P. Turner & Co. LLC | 500 |
| 16 | Princor Financial Services Corp. | 500 |
| 18 | NFP Securities Inc. | 497 |
| 19 | MetLife Independent Broker/Dealer
(Tower Square, Walnut Street) |
472 |
| 20 | InterSecurities Inc. | 386 |
| 21 | GunnAllen Financial Inc. | 360 |
| 22 | Securian Financial Services Inc. | 347 |
| 23 | Next Financial Group | 344 |
| 24 | Cadaret Grant & Co. Inc. | 331 |
| 25 | John Hancock Financial
Network/Signator Investors Inc. |
315 |
| 26 | Park Avenue Securities LLC | 304 |
| 27 | The Investment Center Inc. | 300 |
| 28 | Ameritas Investment Corp. | 276 |
| 29 | Genworth Financial Securities Corp. | 275 |
| 30 | Crown Capital Securities LP | 244 |
| 31 | Centaurus Financial Inc. | 240 |
| 31 | Investors Capital Corp. | 240 |
| 33 | ProEquities Inc. | 230 |
| 34 | QA3 Financial Corp. | 227 |
| 35 | Geneos Wealth Management Inc. | 210 |
| 36 | Sigma Financial Corp. | 210 |
| 37 | Capital Financial Group Inc./H. Beck Inc. | 208 |
| 38 | Questar Capital Corp. | 200 |
| 39 | VSR Financial Services Inc. | 192 |
| 40 | American Portfolios Financial Services Inc. | 189 |
| 41 | Triad Advisors Inc. | 186 |
| 42 | M Holdings Securities Inc. (M Securities) | 184 |
| 43 | Summit Brokerage Services Inc. | 180 |
| 44 | Century Securities Associates Inc. | 176 |
| 45 | Capital Analysts Inc. | 175 |
| 45 | Kovack Securities Inc. | 175 |
| 45 | WRP Investments Inc. | 175 |
| 48 | Securities Service Network Inc. | 153 |
| 49 | Equity Services Inc. | 150 |
| 49 | Wunderlich Securities Inc. | 150 |
| 53 | Synergy Investment Group | 149 |
| 54 | Berthel Fisher & Co. Financial Services Inc. | 144 |
| 55 | Brecek & Young Advisors Inc. | 144 |
| 56 | Transamerica Financial Advisors Inc. | 143 |
| 57 | United Planners’ Financial Services of America | 128 |
| 58 | Pacific West Financial Group | 126 |
| 59 | LaSalle St. Securities LLC | 121 |
| 59 | The O.N. Equity Sales Co. | 121 |
| 62 | Great American Advisors Inc. | 118 |
| 63 | Delta Equity Services Corp. | 100 |
| 63 | Girard Securities Inc. | 100 |
| 65 | Sammons Securities Co. LLC | 100 |
| 66 | Prospera Financial Services Inc. | 91 |
| 67 | Harbour Investments Inc. | 90 |
| 68 | First Midwest Securities Inc. | 88 |
| 69 | PlanMember Securities Corp. | 82 |
| 70 | Southwest Securities Inc. | 80 |
| 71 | Wall Street Financial Group | 77 |
| 72 | cfd Investments Inc. | 55 |
| 73 | GBS Financial Corp. | 45 |
| 74 | Broker Dealer Financial Services Corp. | 40 |
| 74 | brokersXpress LLC | 40 |
| 85 | Eagle One Investments LLC | 35 |
| 85 | Ensemble Financial Services | 35 |
| 87 | Coordinated Capital Securities Inc. | 20 |
| 88 | Morgan Peabody & Co. | 17 |
| 89 | Cutter & Co. Inc. | 15 |
| 90 | Signal Securities Inc. | 14 |
| 91 | LifeMark Securities Corp. | 10 |
| 92 | Correll Co. Investment Services Corp. | 4 |
If you questions about investments you made with these firms, call The White Law Group at 312-238-9650 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida. With over 30 years of securities law experience, including experience working at FINRA (f/k/a the NASD) and the SEC, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.
Chattanooga, Tennessee Securities Fraud / Broker Fraud Attorney
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with over thirty years securities law experience, including experience at FINRA (f/k/a the NASD) and the SEC.
The firm has offices in Chicago, Illinois and Boca Raton, Florida. The White Law Group has its offices in Chicago, Illinois and Boca Raton, Florida because of the obvious benefits of being located so close to the FINRA Dispute Resolutions offices in those cities (FINRA’s Southeast headquarters is located at Boca Center Tower 1, 5200 Town Center Circle, Boca Raton, FL 33486- less than one mile from our office, and FINRA’s Midwest headquarters is located at 55 West Monroe Street, Suite 2600, Chicago, IL 60603-1002- close to the firm’s Chicago office).
Having its offices located so close to FINRA’s regional headquarters has its advantages, particularly since all cases filed in the southeast portion of the United States are administered out of FINRA’s Boca Raton, Florida Dispute Resolution office, and all cases in the Midwest portion of the United States are administered out of FINRA’s Chicago, Illinois Dispute Resolution office.
Although located in Chicago, Illinois and Boca Raton, Florida, The White Law Group handles securities fraud cases throughout the country and Tennessee, including reviewing securities fraud cases in Chattanooga, Memphis, Knoxville, and Nashville. With over 30 years of securities law experience, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions. To contact The White Law Group, please call 312-238-9650.
Or, for more information about The White Law Group or securities fraud, visit http://www.whitesecuritieslaw.com.
Recovery of Hedge Fund Investment Losses
If you have suffered investment losses in a hedge fund recommended to you by your financial advisor or stockbroker, The White Law Group may be able to help.
A hedge fund is an aggressively managed portfolio of investments that uses advanced investment strategies such as leveraged, long, short and derivative positions in both domestic and international markets with the goal of generating high returns. Hedge funds, even those that invest exclusively in bonds, are, by their very nature, risky. As such, investing in a hedge fund is only appropriate for sophisticated investors (often institutional investors) with a high net worth and a high tolerance for risk.
Notwithstanding the risks of hedge funds, broker-dealers have been increasingly recommending these alternative investments to its clients. In many cases, these recommendations were not in-line with the investor’s stated investment objective.
If you have suffered investment losses in a hedge fund recommended to you by your financial professional, call The White Law Group at 312-238-9650 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida. With over 30 years of securities law experience, including experience working at FINRA (f/k/a the NASD) and the SEC, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.
Recovery of Ultra ProShares Investment Losses
The White Law Group is investigating securities fraud claims involving ProShares Funds and other Exchange Traded Funds (ETFs) sold to investors by their financial advisors. These funds subjected investors to substantially more risk than was disclosed and resulted in significant losses by investors.
The leveraged ETFs that The White Law Group is investigating include but are not limited to the following ProShares Funds:
ProShares UltraShort Russell MValue ETF (SJL)
ProShares UltraShort Russell 2000 (SKK)
ProShares UltraShort Real Estate ETF (SRS)
ProShares Ultra Financials ETF (UYG)
ProShares UltraShort Dow 30 ETF (DXD)
ProShares UltraShort Financials ETF (SKF)
ProShares UltraShort FTSE/Xinhua 25 ETF (FXP)
ProShares UltraShort Gold ETF (GLL)
ProShares UltraShort DJ-AIG Crude Oil ETF (SCO)
ProShares UltraShort Oil & Gas ETF (DUG)
ProShares UltraShort MSCI Emerging Markets
FINRA recently warned about the risks of leveraged ETF’s in a Notice to Members stating that they are “unsuitable for retail investors who plan to hold them for longer than one trading session, particularly in volatile markets.” Unfortunately for the investing public, many broker-dealers and financial advisors purchase these complex investments for their clients without fully understanding the products or their risks.
If you have questions about investments you made in Ultra ProShares or other leveraged ETS, The White Law Group may be able to help. For a free consultation, call the firm at 312-238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida. With over 30 years of securities law experience, including experience working at FINRA (f/k/a the NASD) and the SEC, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.
Former Ameriprise Financial Advisor Sentenced To Prison
An Ooltewah, Tenn., financial adviser has been sentenced to five years in prison and ordered to pay more than $2.7 million in restitution to his former broker-dealer, Ameriprise Financial Inc., after pleading guilty to misappropriating his clients’ money while he worked for the Minneapolis-based firm.
According to a news release from the U.S. Attorney’s Office for the Eastern District of Tennessee, 41-year-old Delbert Foster Blount III pleaded guilty in April 2009 to mail fraud, wire fraud and income tax evasion.
According to the plea agreement, Mr. Blount advised clients to invest money in various accounts and then used the money for himself. When clients wanted their money returned, he would take money from other investors to pay them. He carried out the scheme from June 2000 until December 2006.
Mr. Blount, who worked for Ameriprise from March 1998 until January 2007, was sentenced Monday. He was also sentenced to three years of supervised release.
Mr. Blount deposited customers’ checks into his own bank account, according to the Tennessee Department of Commerce and Insurance. Ameriprise discovered the deposits when an unnamed client complained that they weren’t properly credited. Ameriprise reimbursed customers $2 million.
If you have questions about investments you made with Mr. Blount, The White Law Group may be able to help. For a free consultation, call the firm at 312-238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida. With over 30 years of securities law experience, including experience working at FINRA (f/k/a the NASD) and the SEC, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.