The amended complaint follows an action filed in Denver in late August, charging Cetera with breaking its fiduciary duty to clients.

Investment banking source said Atria Wealth Solutions was talking to larger private-equity players.

Legacy Investment Planning will be able to access clearing and custody services from INTL FCStone as a result of the partnership.

The SEC mandated that 16 firms recoup investors after they failed to disclose issues with investments in higher-cost class share mutual funds, and penalized one additional firm further for failing to self-report.

The corporate RIA of Cetera’s bank channel failed to disclose solicitation agreements it had with about 350 banks, according to the SEC.

The former Cetera Financial CEO is now operating a mortgage REIT, but not on a full-time basis.

LPL's branch recruiting is up 45% over a year ago, as the broker/dealer increases recruiting support and opens up the lines of communication to hybrid firms.

The SEC alleged that by putting investors in higher-cost share classes, for which it was compensated, Cetera’s corporate RIA received about $5 million more in 12b-1 fees than if it had put clients in lower-fee share classes.