Marcato Capital Management says in a regulatory filing that shares of the independent broker-dealer are undervalued. The stock was up nearly 4% Tuesday amid a broad market sell-off.
As inquiries into the broker-dealer wind down, regulators' focus could turn to others in the industry, CEO Casady says.
Arbitration case alleges that Oppenheimer & Co. stepped beyond the bounds of propriety in mounting a client raid on Peter Schiff's Euro Pacific over a three-day weekend this summer.
Finra bars 10 at New York broker-dealer Global Arena Capital Corp. after investigating brokers who migrated from an expelled firm.
Some IBDs are finding extraordinary success in leveling the ranks of male and female advisers, even though on average less than one out of every five advisers today is a woman. Here's how they do it.
RCS Capital Corp., the struggling brokerage group cobbled together by real estate developer Nicholas Schorsch, is exploring a sale of its independent broker-dealer, according to people with knowledge of the matter. <i>Plus: <a href="//www.investmentnews.com/article/20150921/FEATURE/150919894/how-nick-schorsch-lost-his-mojo"" target=""_blank"" rel="noopener noreferrer">How Nick Schorsch lost his mojo</a></i>
Group focuses on mainstream and alternative investments such as nontraded REITs.
Envestnet has agreed to make NextShares, a unique hybrid of mutual funds and ETFs, available to some of its 41,000 affiliated financial advisers, delivering Eaton Vance its first distribution partner for the product.
Even if <a href="//www.investmentnews.com/article/20150426/REG/150429941/independent-broker-dealer-recruiting-hits-a-wall"" target=""_blank"" rel="noopener noreferrer">recruiting at independent broker-dealers has hit a wall</a>, the industry still features a number of firms with expanding numbers of registered reps.
Investor claims pile up as the territory sinks in the downward spiral of a government debt crisis.
Anthony Perkins will oversee the broker-dealer's automated processes and the launch of the firm's robo-advisory software platform.
The company aims to ramp up its level of automation from 15% to 85% within the next few years.
An acquisition of Barclays' U.S. wealth unit would add $47 billion in assets and 249 advisers who focus on ultrahigh-net-worth clients, filling a gap in Stifel Financial CEO Ron Kruszewski's advisory business.
FSC Securities is on the hook for a $1.28M arbitration award to investors who were swindled by a notorious con man featured on “American Greed: The Fugitives.”
Six-member team is based in Atlanta and includes emerging markets chief Greg Fisher and financial advisers, according to a source familiar with the move.
In its sales turnaround, third largest U.S. fund company relies on retention of existing advisers and lower-cost share classes.
CEO Larry Roth claims the move is not part of any widespread consolidation within RCAP's retail brokerage division.
<i>Breakfast with Benjamin</i> The banker was caught sharing insider information with his dad, who then used golf jargon to try and disguise the scheme.
The broker-dealer and its top adviser in Louisiana cut ties after the adviser received a Wells notice announcing a Finra investigation. Adviser says the separation is unrelated.
Anticipating an enforcement push, the broker-dealer told brokers that next year they will no longer be able to receive a fee or commission from retirement accounts belonging to family members.
