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In Labor Department's fiduciary proposal, a nod to passive investing
Brokers who sell index funds may get a leg up from newly proposed requirements that would impose more stringent advice standards.
Ex-JPMorgan Chase broker charged with stealing $20M from clients
Allegedly was investing in municipal securities, but pocketed money instead
Brokers get a mixed review on how they treat older investors
More than a third of brokerage firms examined by Finra and the SEC made one or more potentially unsuitable recommendations of variable annuities to senior investors.
Broker-dealer expands crowdfunding reach with new partnership
Broker-dealer North Capital Private Securities adds crowdfunding site OneVest to its platform that syndicates private offerings for investors.
Stifel's purchase of Sterne Agee likely not its last in the broker-dealer space
The acquisition signals Stifel's interest in growing its wealth management business, though future deals depend on what's available — and at what price, according to CEO Ron Kruszewski.
Merrill Lynch's John Thiel urges colleagues to work with DOL on fiduciary rule
At least one major industry player is taking a more welcoming stance toward working with the Labor Department as it seeks to create a rule that would hold brokers to a fiduciary standard when dealing with retirement plans.
Liquidity restrictions haunt money-market funds
As investors hunt for yield and security, money-market fund managers detail their changes.
Would one share of Warren Buffett's Berkshire Hathaway be a smart retirement savings strategy?
Breakfast with Benjamin: Would buying one share of Warren Buffett's Berkshire Hathaway be a good savings strategy?
Brokerage executives enjoying steadily increasing payouts
As markets thrive and wealth management becomes a focus at major firms, brokerage execs like Morgan Stanley's Greg Fleming enjoy bigger paydays.
Tony Thompson barred from securities industry
The regulator said he misrepresented $50 million private offering that later went into default
Alternative investing education grows in stride with fast-growing liquid alts space
Wirehouses and broker-dealers are seen as the next area of expansion for year-old program.
Morgan Stanley CEO James Gorman rakes in the big bucks
Breakfast with Benjamin: A 25% pay raise to $22.5 million means it's good to be Morgan Stanley CEO James Gorman.
Are brokers being branded with a scarlet 'S'?
Proponents of a fiduciary standard are ganging up on commission-based advisers through public shaming regarding the Suitability standard.
New York City official wants to make brokers say: 'I am not a fiduciary'
Advice industry mixed on the push for a New York bill to clearly distinguish advisers from brokers.
Royal Alliance acquires small independent B-D
Formerly known as First Midwest Securities, the IBD has 33 advisers and $600 million under management.