The major technology provider to RIAs and IBDs has been delisted, and the search for a new permanent CEO is ongoing.

The popularity of BDC products was among the main reasons for the change in estimate from $115 billion in July.

According to the commission, James David Burleson’s scheme caused over $3 million in losses for his clients and a 26.5% positive return for himself. The SEC argues the probability that divergence ...