Broker-Dealers

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  1. 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

  2. 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.

  1. 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.

  2. Articles

    LPL Financial CEO Mark Casady says firm close to finish line with fines and settlements

    Chief executive Mark Casady says the firm has "couple things left to go" before enforcement actions resolved.

  3. Articles

    SEC denies active ETF proposal as NextShares launches salvo against competitors

    Eaton Vance looks to win the "VHS/Betamax war" for the future of actively managed investments.

  4. Articles

    LPL sets lofty goal for more automated operations processes

    The company aims to ramp up its level of automation from 15% to 85% within the next few years.

  5. Articles

    Ex-Oppenheimer brokerage chief settles with SEC in penny stock case

    Former head of the private client group Robert Okin agrees to bar and $125,000 payment in settlement; branch manager and broker also accept penalties

  6. Articles

    LPL cracking down on brokers who collect retirement account fees from family members

    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.

  7. Articles

    Royal Alliance to pay $1.4 million over nontraded REIT, VA sales

    Award is tied to string of cases brought by retirees who said a broker placed them in unsuitable investments.

  8. Articles

    Massachusetts' Galvin fines LPL $250,000 over senior certifications

    Firm agrees to pay up to settle charges that some of its brokers were using titles that did not comply with Massachusetts' senior designation regulations.

  9. Articles

    Raymond James' Elwyn downplays acquisitions

    Brokerage isn't plotting its own big buys despite moves by competitors, says president of the firm's employee-adviser channel.

  10. Articles

    Massachusetts regulator William Galvin charges Securities America over 'bait and switch' ads targeting elderly

    Massachusetts' top securities cop has charged the firm with failure to supervise a broker who allegedly used deceptive advertising on his radio show, exploiting the dangers of Alzheimer's to gain access to elderly clients.

  11. Articles

    Banks are cutting broker-dealer units from their 'living wills'

    Breakfast with Benjamin: The nation's biggest banks, like JPMorgan Chase, are lumping their broker-dealer units in with other 'non-essential' operations.

  12. Articles

    Finra board candidate claims examiners are out of touch

    Finra examiners should adhere to a code of conduct when reviewing member firms, Stephen Kohn, a candidate for the SRO's small-firm board seat, asserts. (Don't miss: How to make Finra work: Kovack)

  13. Articles

    SEC appeals own judge's decision in case on custodians' payments to advisers for fund picks

    The regulator is fighting a decision by its administrative judge to dismiss charges accusing two financial advisers of not informing clients they were paid by Fidelity Investments to sell certain mutual funds.