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May 12, 2011
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Blog, Securities Fraud
The Investment News recently announced the most profitable “indie” brokerage firms. They are as follows: Rank Firm Pre-tax earnings ▼ 1 LPL Financial LLC $106,217,515 2 H.D. Vest Financial Services $41,478,680 3 Crown Capital Securities LP $30,847,000 4 Axa Advisors LLC $21,300,000 5 Cambridge Investment
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January 18, 2011
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Blog, Securities Fraud
RANK Broker-dealer Total gross revenues 1 LPL Investment Holdings Inc. $2.8B • LPL Financial One Beacon St. Boston, MA 02108 joinlpl.com (888) 250-2420 $2.6B • Uvest 2810 Coliseum Centre Drive Charlotte, NC 28217 uvest.com (800) 277-8802 $195.2M 2 Ameriprise Financial Services Inc. 108 Ameriprise Financial Center
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November 26, 2010
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Blog, Securities Fraud
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
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September 23, 2009
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Blog, Securities Fraud
FINRA recently announced that William J. Gray, formerly of AXA Advisors, LLC in Woodbridge, New Jersey , has been barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Gray consented to findings that he forged the signatures of a customer and brokers of his firm (AXA
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August 9, 2009
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Blog, Securities Fraud
The Financial Industry Regulatory Authority has permanently barred a former Stifel, Nicolaus & Co., Inc. and AXA Advisors broker from the securities industry. Kenneth George Neely, who worked in Stifel Nicolaus’ St. Peters, Missouri office and AXA Advisors’ Clayton, Missouri office, has admitted to running a
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