Broker-Dealers

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  1. Articles

    Ex-Merrill broker ordered to pay $1.4 million in insider trading case

    Gary Yin, who pleaded guilty to laundering a client's insider trading profits, must pay restitution to Merrill but avoids prison sentence.

  2. Articles

    Finra sweep homes in on conflicts in broker pay

    The regulator is examining a broad range of possible conflicts, from production incentives and mutual fund fees to recruiting bonuses.

  1. Articles

    NextShares wins its first adviser platform partner with Envestnet

    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.

  2. Articles

    LPL hires ex-Wells Fargo CTO for newly created tech position

    Anthony Perkins will oversee the broker-dealer's automated processes and the launch of the firm's robo-advisory software platform.

  3. Articles

    Ponzi schemer haunts AIG Advisor Group in arbitration decision

    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.”

  4. Articles

    Ex-JPMorgan banker partnered with his dad in a multi-year insider-trading ring

    Breakfast with Benjamin The banker was caught sharing insider information with his dad, who then used golf jargon to try and disguise the scheme.

  5. Articles

    Precidian goes back to SEC for approval of active ETF plan

    A proposal designed to put actively managed products on par with index funds in the ETF universe by allowing their holdings to be non-transparent is going back in front of securities regulators.

  6. Articles

    RCAP to focus on cost-cutting at Cetera

    Now that RCS Capital Corp. has sold its wholesaling business, the cost-cutting can begin in earnest at the 11 broker-dealers with 9,500 advisers who make up its Cetera Financial Group, led by CEO Larry Roth.

  7. Articles

    LPL says competitors could be on hot seat with regulators

    As inquiries into the broker-dealer wind down, regulators' focus could turn to others in the industry, CEO Casady says.

  8. Articles

    Don't assume cash will rule where you move your practice

    Upfront money, transition bonuses and forgivable loans: They can be called a variety of things, but they all refer to the same thing — the capital a broker-dealer allocates to an adviser during the transition to their firm, in a forgivable form. There are several misconceptions about the transition

  9. Articles

    MetLife hits LPL with major raiding suit

    Over 60 brokers have jumped to LPL since October, MetLife alleges; former brokers strike back, accusing the insurance company of poor practices.

  10. Articles

    Finra fines Aegis Capital nearly $1 million over penny stock sales

    Broker-dealer also agreed to pay $950,000 as part of a settlement with Finra over allegations of improper sales of unregistered penny stocks and anti-money-laundering supervisory lapses.

  11. Articles

    'Dissident' candidate defeats Finra's hand-picked nominee for board seat

    Brian Kovack wants to make the organization more effective without antagonizing firms that are doing the right thing

  12. Articles

    Cetera closing J.P. Turner, offering some brokers jobs at Summit

    CEO Larry Roth claims the move is not part of any widespread consolidation within RCAP's retail brokerage division.

  13. Articles

    Under regulatory pressure, Voya restricts sales of more variable annuities

    Voya Financial Advisors has restricted sales of variable annuities for the second time in two months, as the brokerage firm faces increased pressure from regulators questioning the suitability of the products for retirement savers.