COMMONWEALTH EQUITY SERVICES, LLC

COMMONWEALTH EQUITY SERVICES, LLC of WALTHAM, MA is an SEC-registered investment adviser (CRD 8032). Regulatory assets under management: $212.7B.

Registration

Business model

Compensation: % of AUM, Hourly, Fixed, Commissions.

Clients served: Individuals, High net worth, Pooled vehicles, Pensions, Charities, Corporations.

Officers, owners & control persons (41)

Showing 25 of 41 people.

NameRoleLocation
Kirby Lepak Horan-AdamsMANAGER
Steven Philip MorrisonMANAGER
Wayne Michael BloomCHIEF EXECUTIVE OFFICER; MANAGING DIRECTOR, CHIEF EXECUTIVE OFFICER
William Bradford McmillanMANAGING PRINCIPAL, CHIEF INVESTMENT OFFICER
Jonathan Christiaan BohsMANAGING PRINCIPAL, OPERATIONS
Christopher Anthony Trapnell KlomanCHIEF OPERATIONS OFFICER, PRESIDENT
Peggy Lynn HoGENERAL COUNSEL, SENIOR VICE PRESIDENT
Jonathan C. CleasbyCHIEF FINANCIAL OFFICER
Brian Thomas PriceMANAGING PRINCIPAL, CHIEF INVESTMENT OFFICER; MANAGING PRINCIPAL, INVESTMENT MANAGEMENT AND RESEARCH
Matthew John SugdenBD CHIEF COMPLIANCE OFFICER
Robert Eric MolinariRIA CHIEF COMPLIANCE OFFICER
Alexander William HansenRIA CHIEF COMPLIANCE OFFICER; SVP, RIA COMPLIANCE
Paul Jonathan TolleyMANAGING PRINCIPAL, CHIEF COMPLIANCE OFFICER
Joseph Samuel DeitchCHAIRMAN; TRUSTEE
John James RooneyMANAGING PRINCIPAL
Peter Tompkins WheelerMANAGER
Matthew Fletcher DeitchVICE CHAIRMAN
LENNOX LAURIEVICE PRESIDENT, CHIEF COMPLIANCE OFFICER; VICE PRESIDENT, COMPLIANCE
DEITCH JOSEPH SAMUELCHAIRMAN; CHAIRMAN, CHIEF EXECUTIVE OFFICER; CHAIRMAN, CHIEF EXECUTIVE OFFICER, TRUSTEE COMMONWEALTH EQUITY SERVICES, LLP VOTING TRUST, MANAGER (+3 more)
WHEELER PETER TOMPKINSMANAGER; PRESIDENT; PRESIDENT, CHIEF COMPLIANCE OFFICER, MANAGER (+6 more)
HUNTER RICHARD MARCUSCHIEF FINANCIAL OFFICER; CHIEF FINANCIAL OFFICER, MANAGING PRINCIPAL; PRESIDENT AND CHIEF OPERATING OFFICER (+3 more)
ROONEY JOHN JAMESCHIEF INVESTMENT OFFICER; MANAGING PRINCIPAL; MANAGING PRINCIPAL, CHIEF INVESTMENT OFFICER
BLOOM WAYNE MICHAELCHIEF EXECUTIVE OFFICER; PRINCIPAL; VICE PRESIDENT
KELLY DAVID LINUSMANAGER OF TRADING & OPERATIONS; MANAGING PRINCIPAL, TECHNOLOGY AND BROKERAGE OPERATIONS; MANAGING PRINCIPAL, TRADING AND BROKERAGE OPERATIONS
ADELMAN JAMES BERNARDGENERAL COUNSEL; GENERAL COUNSEL, SENIOR VICE PRESIDENT; GENERAL COUNSEL, VICE PRESIDENT

Disclosures (89)

InitiatedTypeAllegationsStatusAmount
2022-11-08regulatoryCOMMONWEALTH FAILED TO REGISTER ITS INVESTMENT ADVISER REPRESENTATIVE WHO HAS A PLACE OF BUSINESS IN MASSACHUSETTS AND ENSURE THAT ITS INVESTMENT ADVISER REPRESENTATIVE WAS PROPERLY REGISTERED IN MASSACHUSETTS PRIOR TO PROVIDING INVESTMENT ADVISORY SERVICES.Final$20K
2021-09-17regulatoryCOMMONWEALTH, THROUGH ITS EXECUTION OF THE CONSENT ORDER, ACKNOWLEDGED THE ALLEGATION OF THE COMMISSIONER THAT THERE WERE SUFFICIENT FACTS UPON WHICH THE FIRM COULD HAVE BEEN FOUND TO HAVE VIOLATED SEC. 36B-31-6F(B) OF THE REGULATIONS OF THE CONNECTICUT STATE AGENCIES BY FAILING TO ESTABLISH, ENFORC…Final$20K
2019-08-01civilTHE SEC ALLEGES THAT THE FIRM, IN ITS ROLE AS A REGISTERED INVESTMENT ADVISER, FAILED TO DISCLOSE MATERIAL CONFLICTS OF INTEREST RELATED TO CERTAIN REVENUE SHARING ARRANGEMENTS WITH ITS CLEARING FIRM IN VIOLATION OF THE PROVISIONS OF SECTION 206(2) OF THE ADVISERS ACT AND FAILED TO ADOPT AND IMPLEME…Pending
2019-08-01civilTHE SEC ALLEGES THAT THE FIRM, IN ITS ROLE AS A REGISTERED INVESTMENT ADVISER, FAILED TO DISCLOSE MATERIAL CONFLICTS OF INTEREST RELATED TO CERTAIN REVENUE SHARING ARRANGEMENTS WITH ITS CLEARING FIRM IN VIOLATION OF THE PROVISIONS OF SECTION 206(2) OF THE ADVISERS ACT AND FAILED TO ADOPT AND IMPLEME…Final$5.0M
2019-08-01civilTHE SEC ALLEGES THAT THE FIRM, IN ITS ROLE AS A REGISTERED INVESTMENT ADVISER, FAILED TO DISCLOSE MATERIAL CONFLICTS OF INTEREST RELATED TO CERTAIN REVENUE SHARING ARRANGEMENTS WITH ITS CLEARING FIRM IN VIOLATION OF THE PROVISIONS OF SECTION 206(2) OF THE ADVISERS ACT AND FAILED TO ADOPT AND IMPLEME…On Appeal$6.5M
2019-03-11regulatoryDURING THE PERIOD JANUARY 1, 2014, TO MARCH 27, 2014, COMMONWEALTH PURCHASED, RECOMMENDED, OR HELD FOR ADVISORY CLIENTS MUTUAL FUND SHARE CLASSES THAT CHARGED 12B-1 FEES INSTEAD OF LOWER-COST SHARE CLASSES OF THE SAME FUNDS FOR WHICH THE CLIENTS WERE ELIGIBLE. COMMONWEALTH AND ITS ASSOCIATED PERSONS…Final
2018-11-09regulatoryWITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT IT DISADVANTAGED CERTAIN RETIREMENT PLAN AND CHARITABLE ORGANIZATION CUSTOMERS THAT WERE ELIGIBLE TO PURCHASE CLASS A SHARES IN CERTAIN MUTUAL FUNDS WITHOUT A FRONT-END SALES CHARGE. THE…Final
2015-10-19regulatoryWITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT IT FAILED TO IDENTIFY AND APPLY SALES CHARGE DISCOUNTS TO CERTAIN CUSTOMERS' ELIGIBLE PURCHASES OF UNIT INVESTMENT TRUSTS (UITS) RESULTING IN CUSTOMERS PAYING EXCESSIVE SALES CHARGES OF A…Final$225K
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