Veteran financial advisor Cubby Bice has decided to join LPL Financial's broker-dealer, RIA, and custodial platforms, according to WealthManagement. Bice, who is leaving Osaic, reported serving approximately $130 million in advisory, brokerage and retirement plan...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Firm Transition
Goldman Sachs Hits Former PFM Registered Representatives with Form U5 Notices Over Alleged Garden Leave Violations
AdvisorHub reports that dozens of former registered representatives with the Personal Financial Management unit of Goldman Sachs have discovered that their Forms U5 contain notices regarding their decision to leave for rivals ahead of the sale of that division to...
FINRA arbitrators deny firm’s breach of contract claims against former brokers
The Financial Industry Regulatory Authority issued an arbitration ruling in a dispute between a Texas company and two of its former independent brokers, a husband and wife team. NexTrend Securities had filed a statement of claim against Scott David Offerman and Sonya...
Former Wells Fargo executive files defamation suit against firm
Wells Fargo has been hit with a defamation lawsuit by one of its former regional presidents, ThinkAdvisor reports. Shelley Freeman filed the suit in federal court for the Northern District of California, claiming she was “maliciously defamed” worldwide by the bank....
Former McDonald’s CEO fined by SEC for misrepresenting his termination
The former CEO of McDonald’s Corporation, Stephen J. Easterbrook, has been charged by the Securities and Exchange Commission with misrepresenting the circumstances surrounding his November 2019 termination. The SEC said in a news release that Easterbrook made false...