Complex reverse convertibles mostly sold to individual investors; 'inconceivable'
A champion of the fiduciary standard sought to drive a wedge between brokerage and advisory firms today.
Mark A. Mushkat, a 20 year veteran of the wealth management industry, comes from Harris myCFO, a unit of Harris Private Bank.
A growing number of quantitative equity managers are striving to match their computer models to changing market environments better as they fight to reverse the performance drought they've been in since the start of the financial crisis in mid-2007.
The banned broker's responses to questioning, however, often come across as confused.
Arlen Specter wants to dramatically ratchet up the standard of care required of broker-dealers. Part of that ratcheting up: a possible 25 year jail sentence for B-Ds who willfully violate the tougher standard.
Although it is debatable whether inflation will become a problem for the U.S. economy, wealthy investors aren't taking any chances and are piling into tangible assets.
Here are two lists on the total account asset amounts at the largest independent broker-dealers, based on information that <i>InvestmentNews</i> has gathered directly from the firms that participated in the annual survey.
It's spring, and this spring a young man's fancy lightly turns to thoughts of speculation. The Fed's promises look good and, as long as you're not a small business, you can borrow to invest or speculate at no cost.
Barnaby Grist, senior managing director of strategic business development at Charles Schwab Corp.'s investment advisor group, is leaving to join Cetera Financial Group, a new independent brokerage venture controlled by Lightyear Capital LLC.
Private-equity firm Lightyear Capital LLC today announced that it has completed its acquisition of three ING Groep NV broker-dealers.
New York-based Optima Fund Management, a $6 billion fund of hedge funds, thinks farming is a growing business.
News that two firms have been charged with fraud related to large private-securities deals could lead to a serious headache for many midsize to large independent broker-dealers whose financial advisers sold the products to wealthy investors.
Artisan Partners LP's hiring of C.J. Daley as chief financial officer may mean that the company is getting serious about IPO plans.
State securities regulators today announced a new reporting service that allows investors to check on the disciplinary records of their investment advisers online.
The debt crisis spreading across parts of Europe is seen as the biggest threat to the performance of the U.S. stock market over the next 12 months, according to a survey of professional money managers.
Congressional committee approval late last week of an amendment to the financial-reform bill maintaining state regulation of equity-indexed annuities drew mixed reaction, with insurers cheering the action and advisers largely opposing it.
Okoboji Financial Services Inc. filed forms with both the SEC and Finra to withdraw as a broker-dealer.<br><b>INsider:</b> <a href=http://www.investmentnews.com/article/20100530/REG/305309970>Why are so many broker-dealers disappearing?</a>
Another independent broker-dealer is shutting down — this time, so its parent company can refocus on its insurance business.
AFA, which shut its doors today, is the second independent brokerage to go under in two months. And there may be plenty more to follow
