Dan Jamieson
Dan was Senior Editor at InvestmentNews from 2005 to 2013, before moving on to become Editor at large for Financial Advisor magazine. Check out his video bio here. Connect with him at LinkedIn here.
Attention B-Ds: RIA business is not a fad, say Pershing execs
Convincing broker-dealers to embrace the advisory business is still an "educational process.
Class actions over bank deposit sweep programs dismissed
Two class actions against major brokerage firms over their bank deposit sweep programs have been quietly laid to rest, while plaintiffs in a third case are appealing a judge's dismissal.
RIA biz isn’t a fad, Pershing execs say
When it comes to the rapid growth of registered investment advisory firms, broker-dealers must either “feed the monster…
More brokers join established RIAs, Schwab says
A growing number of breakaway brokers are joining existing registered investment advisory firms, rather than setting up new ones, according to Charles Schwab Advisor Services, the custody unit of Charles Schwab & Co. Inc.
Ex-Smith Barney rep sues old employer over theft allegation
Mark Singer, a former Smith Barney broker who's been accused of criminal fraud in connection with the handling of cemetery trust funds in the Midwest, is suing his former employer for $7 million in unpaid compensation, plus legal costs.
Selling-away cases are on the upswing
The brokerage industry is facing a crackdown on the practice of selling away, as firms and regulators — still fearful of undetected frauds — dig deeper into the outside business activities of registered representatives.
RS Investments snaps up assets, management team from Oak Value Capital Management
RS Investments today announced an agreement to acquire certain assets of Oak Value Capital Management Inc., which is the adviser to the Oak Value Fund. The portfolio managers of the Oak Value Fund will also be joing RS Investments.
Requirements may shift for supervisors of back offices
Finra is proposing registration requirements for some back-office supervisory positions.
Piper Jaffray slapped with $700K fine for gaps in paper trail
Finra said last week that it has fined Piper Jaffray and Co. $700,000 for failure to retain e-mails.
Coming soon: More Finra registration requirements?
Finra is proposing registration requirements for some back-office supervisory positions.
