Ex-Amerprise Rep Barred for Taking $2.2M From Clients

Published on July 31, 2025

The rep, who started in the business in 1994, said he was borrowing money from two of his customers — one age 77.

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H41: Change to the H.4.1 to include information related to MS Facilities 2020 LLC

July 31, 2025
In table 4, the outstanding amount of facility asset purchases for MS Facilities 2020 LLC (Main Street Lending Program) reflects the quarterly update to the allowance for credit losses. The allowance for credit losses was estimated based upon the Main Street Lending Program holdings as of June 30, 2025.

LPL to Close Commonwealth Deal Friday

July 31, 2025
On an earnings call, CEO Rich Steinmeier said he expects to retain 90% of Commonwealth Financial Network’s advisors.