Karmen Alexander

LPL Financial said on Tuesday it is nearing a $50 million settlement with the Securities and Exchange Commission to resolve its civil investigation into off-channel business communications

The firm seeks a court order to bar brokers’ counterclaims in arbitration, where they are fighting to avoid repaying $92 million in outstanding loans.

RBC Wealth Management-U.S. has lost a broker with almost $300 million in client assets to Stifel Financial in Pennsylvania and gained a banker with around $290 million in assets from J.P. Morgan in California.

(L to R) Adam Landau, Ramy Georgy, Garland Neal and Karla Lavin joined Rockefeller on Friday from Morgan Stanley.

A UBS Wealth Management USA broker who managed $275 million in client assets broke away to join LPL Financials’ Strategic Wealth Services channel, according to an announcement Monday.

Broker’s request to have a 13-year old client dispute expunged from his record was denied by three arbitrators in part due to intervention from state securities regulators.

An arbitrator ordered an ex-Wells Fargo broker in Wayne, Pennsylvania to repay more than $1.1 million tied to three recruiting-related bonuses, according to an award issued by the Financial Industry Regulatory Authority on Wednesday.

Raymond James & Associates’ efforts to expand its Western division are bearing some fruit as the firm on Wednesday hired a Morgan Stanley team that produced $9 million in annual revenue, according to a source familiar with their practice.

(L to R) Eric A. Gray, Lance Polverini, Drew Sapede, Irma Deluna and Michelle A. Blackmer, who moved to J.P. Morgan Advisors on Friday.

Dan Dwyer, who joined Edward Jones from J.P. Morgan on May 10.