Highest Paying Broker/Dealers Ranked by average payout per rep, per year 1.Ameriprise Financial Services Inc. 2.Commonwealth Financial Network 3.VSR Financial Services Inc. 4.Geneos Wealth Management Inc. 5.Wells Fargo Advisors Financial Network Largest Broker/Dealers Ranked by revenue 1.LPL Financial LLC 2.Ameriprise Financial Services Inc. 3.Raymond James Financial Services Inc. 4.Lincoln Financial Network 5.Commonwealth Financial Network Broker/Dealer […]

It was reported on FINRA's BrokerCheck that in October of 2012, Clyde Marshall Thornburg, CRD# 1065161, was permanently barred from association with any FINRA member in any capacity by FINRA. Thornburg allegedly traded UITs (Unit Investment Trusts), corporate debt obligations, and mutual funds in his customers’ accounts. FINRA found that Thornburg executed trades that were […]

In an October 2nd, 2011, InvestmentNews.com article, Bruce Kelly writes that stockbrokers who sell products that promise high returns without the approval of their broker-dealers once again have become a leading concern for state securities regulators. This practice is known as “selling away,” and is one of the most common difficulties that independent and franchisee broker-dealers face in […]