Broker Dealers

Displaying 2795 results
NEWS BROKER DEALERS JUL 16, 2013
LPL's recruiting still slow, pickup seen months away

By Bruce Kelly
NEWS BROKER DEALERS JUL 08, 2013
Finra gets OK to share more info about reps' disciplinary records

Finra has gotten the go-ahead to issue a monthly letter divulging complaints against reps. Not surprisingly, this doesn't sit well with some brokers.

By Mark Schoeff Jr.
NEWS ALTERNATIVES JUN 27, 2013
B-Ds reining in sales of alternatives

Broker-dealers, feeling the heat from regulators, are changing how they sell alternatives. Bruce Kelly has all the details.

By Bruce Kelly
NEWS BROKER DEALERS JUN 27, 2013
Grist leaving Cetera

Barnaby Grist was a high-profile — and defining — hire for Cetera Financial in 2010. A little more than three years later, the head of the brokerage's wealth management unit is leaving due to personal reasons.

By DJAMIESON
NEWS BROKER DEALERS JUN 26, 2013
Finra charges brokerage chief Belesis and firm with fraud

Finra has charged brokerage chief Tommy Belesis and his firm, John Thomas Financial, with fraud in a front-running scheme to make $1 million on a penny stock. Bruce Kelly has the story.

By Bruce Kelly
NEWS RIAS JUN 25, 2013
Satisfaction with advisers climbing; RBC, Fidelity lead the pack, J.D. Power says

Investors' approval of their advisers continues to increase after dropping sharply in the aftermath of the credit crisis. Liz Skinner tells why.

By Liz Skinner
NEWS BROKER DEALERS JUN 25, 2013
Broker barred after casino tip allegedly cost 31 NFL players $43 million

Stop us if you heard this one before: Finra has banned a broker who allegedly convinced scores of NFL stars to go into an unsuitable investment (this time, a casino). And yes, the deal went bust.

By Liz Skinner
NEWS EQUITIES JUN 20, 2013
The Takeaway: Crashtastic!

By Joshua Brown
NEWS BROKER DEALERS JUN 20, 2013
Commonwealth Financial, LPL set big executive changes

Commonwealth's Wheeler moving up; LPL adds Morgan Stanley's Oroschakoff to be new risk officer.

By Bruce Kelly
NEWS RETIREMENT PLANNING JUN 20, 2013
Five IBDs in $7M settlement over nontraded-REIT sales

Galvin's tally for investors this year tops $11M, fines reach $1.4M

By Bruce Kelly
NEWS BROKER DEALERS JUN 20, 2013
Securities America expands in financial institutions market

IBD signs up six firms with total of $3.75B in assets; adds 15 advisers.

By AOSTERLAND
NEWS RIAS JUN 19, 2013
The Takeaway: Some advice for BlackRock's Larry Fink

By Joshua Brown
NEWS EQUITIES JUN 19, 2013
The Takeaway: The death of the small broker-dealer

By Joshua Brown
NEWS BROKER DEALERS JUN 18, 2013
Allied Beacon confirms arbitration loss, net capital violation

Firm says its registered reps are looking to join another B-D

By Gregory Crawford
NEWS BROKER DEALERS JUN 18, 2013
Reps: Get the lowdown on your firm

The tale of American Beacon Partners, a midsize broker-dealer that found itself staring at an uncertain financial future last week, is a lesson in due diligence for reps seeking a change.

By Bruce Kelly
NEWS BROKER DEALERS JUN 18, 2013
Questions raised about broker-dealer's financial health

Questions are being raised about the financial health of Allied Beacon. A rep and several recruiters say the midsize broker-dealer has informed advisers it's in violation of the SEC's net-capital requirements.

By Bruce Kelly
NEWS BROKER DEALERS JUN 13, 2013
Morgan Stanley fights Idaho defecting brokers

Judge denies most claims; next stop is Finra arbitration.

By AOSTERLAND
NEWS BROKER DEALERS JUN 13, 2013
Citing change at the firm, brother and sister team splits Morgan Stanley

A brother and sister team with strong family ties to Salomon Smith Barney have left Morgan Stanley to go indie. The brokerage, said the brother, 'wasn't the same company we grew up with'.

By Bruce Kelly
NEWS BROKER DEALERS JUN 13, 2013
Brokers' lawyer says Finra adds intimidation to Belesis shop query

An attorney for brokers who left John Thomas Financial claims Finra is probing whether the brokerage tried to intimidate the departed reps.

By Bruce Kelly
NEWS BROKER DEALERS JUN 12, 2013
Philanthropy calls: LPL's Dwyer to exit

Long-time executive had most recently been lobbying in Washington for independent broker-dealers

By Bruce Kelly