A Grand Forks, N.D., insurance agent is facing possible license revocation for allegedly making money by creating false insurance policy applications.

LPL Financial, the nation’s largest independent broker-dealer, said its RIA Platform, its 3 year old custody unit, has exceeded $25 billion in total assets under custody.

A former Culver City, Calif., insurance agent was sentenced for collecting more than $62,000 after submitting 377 fraudulent insurance applications to a life insurer.

Insurance broker Willis Group Holdings has begun an internal investigation into its discovery of about $28 million in fraudulent overstatements of commissions and fees between 2005 and 2011 in its employee benefits operations.

Allstate Corp., based in Northbrook, Ill., informed its insurance agents about errors in their tax documents regarding two incentive programs.

A family-run insurance brokerage in Long Island, N.Y. is accused in a civil suit of defrauding hundreds of charities by operating an alleged kickback scheme for 21 years.

Raymond James & Associates and Raymond James Financial Services agreed to pay restitution of $1.69 million after the Financial Industry Regulatory Authority found it charged unfair and unreasonable commissions.

A Blandon, Pa., man who pleaded guilty to insurance fraud has had his Pennsylvania insurance license revoked.

AXA Advisors is accused in a proposed class-action suit filed in New York of overworking thousands of employees without proper compensation.

Increased “cost pressures” facing health insurers could mean that an effort to free insurance agent and broker commissions from the grip of the federal health reform law might not lead to restored payments.