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.
Did Edward Jones help derail Senate’s fiduciary proposal?
Memo from firm to congressional staff members questioned whether the plan might actually hurt investors
Eight of Finra’s top 10 execs pulled down $1M-plus last year
Meanwhile, regulatory fees were up by 10.5% in 2010; overall, regulator posted $55M net profit
Fiduciary standard would hit brokers in wallet: Analysts
If Congress votes to hold brokers to a fiduciary standard, some securities firms could face 4% to 10% declines in profitability per broker, according to a research note issued today by Ticonderoga Securities LLC.
Lawsuit settled in case of $5.5B Deutsche team’s exit
A lawsuit filed by Deutsche Bank Alex. Brown against a team of top-producing brokers who left the firm for Barclays Wealth Management has been settled.
Finra, SEC and state regulators swarm Morgan Keegan with fraud charges
A swarm of state and federal regulators made a bee line for Morgan Keegan on Wednesday. The reason? Alleged wrong-doing in the sales and marketing of mortgage-backed bond funds
Lawsuit over $5.5B star adviser team’s departure settled
A lawsuit filed by Deutsche Bank Alex. Brown against a team of top-producing brokers who are leaving the firm for Barclays Wealth Management has been settled.
SEC IG to look into timing of Goldman Sachs charges
A Congressman wants to know if the fraud charges filed against the Wall Street titan have anything to do with the finanical reform bill pending in the Senate
M&A of RIAs hits record level
In the first quarter this year, more than half of the transactions involved advisers with $250 million or less in assets. Historically, these smaller advisers accounted for just a third of deals.
Citi to spin off Primerica
'Amway' of financial services to go public in deal valued at around $236M
SEC’s custody rules may complicate life for advisers
Financial advisers will have to stop serving as trustees or face auditing costs of $10,000 or more for each of their custodial clients as a result of new rules adopted by the Securities and Exchange Commission.
