A year after taking the helm at Sanctuary, industry veteran Adam Malamed sees a "huge opportunity" for growth.
The faulty performance statements caused wide-ranging disruptions for the Pennsylvania pension fund, the SEC said.
The firm's 2023 report on U.S. advisors also found headcount at wirehouses and independent B-Ds shrank.
Insiders have been predicting the firm would need to rotate bosses to give them new challenges.
Wilde Wealth, based in Scottsdale, Ariz., has more than 42 advisors working from nine Southwest U.S. locations.
That's 11 times more than the agency has estimated, the independent broker-dealer industry group said.
The wirehouse alleges Nader Joseph Al-Mooshi is soliciting a group of its clients that is worth $420 million.
The bank failed to report exact prices on millions of client trades, the regulator said.
Maier & Associates Financial Group of Bay City, Mich., was founded in 1984.
The firm has also rolled out a managed account program.
The board raised his pay 17% after cutting his compensation in 2022 because of profit declines.
Dimon was granted a $1.5 million salary and $34.5 million of performance-based incentive compensation.
The trading platform used lottery-style scratch-off tickets and other gimmicks to attract investors, regulators said.
Growth in these units helped boost the bank's recent fourth-quarter earnings.
The industry could lose 37.5% of advisors to retirement over the next decade, the research firm said.
The company's shares tumbled after a year of interest rate hikes hurt its balance sheet.
John R. Marshall said he was put in the products by a now deceased Ameriprise rep he trusted.
The IBD trade group claims the rule will force independent reps to become employees or RIAs.
The asset and wealth division helped drive the gains.
Led by Robert Drake, Drake Financial Services manages approximately $100 million in client assets.