Watch breaking news videos and read news updates about Broker-Dealers on investmentnews.com
Backed-up SEC won't address mandatory arb any time soon
Mandatory arbitration has been generating plenty of headlines lately, but SEC Commissioner Elisse Walter says the regulator won't be addressing the subject any time soon.
B-D chief misused funds, Finra charges
The head of a broker-dealer that packages and distributes illiquid equipment-leasing funds is the target of a complaint by securities regulators that alleges persistent misuse of investor money over a three-year period to pay for personal expenses such as home remodeling, trips, tools, meals and ...
In regulatory cross hairs, broker-dealers are putting limits on products and revising policies.
B-Ds reining in sales of alternatives
Broker-dealers, feeling the heat from regulators, are changing how they sell alternatives. Bruce Kelly has all the details.
Securities America expands in financial institutions market
Securities America Inc. has signed agreements with six small financial institutions to have financial advisers offer consumer investment services to bank customers and credit union members. The six institutions, located in five different states, have a combined total of $3.75 billion in assets.
Finra charges B-D chief with using investor funds for home remodeling
Finra claims the head of a B-D that packages and distributes illiquid equipment-leasing funds misused investor money to pay for personal expenses including remodeling her house.
Brokerages 'extincting' themselves with recruiting wars, treatment of new hires
With the demise of cold calling, new recruits say the first few years breaking in at a brokerage can be brutal. Many are washing out -- just at a time when a greying industry desperately needs an infusion of fresh talent.
J.D. Power: Satisfaction with investment firms up
Investor satisfaction with large investment firms continues to inch higher since plummeting in 2009, and the firms with the top scores have clients who are very happy with their financial advisers and investment performance, a new survey has found.
Deal to go private knotted for NFP
Just as it is preparing to go private with a sale to private-equity buyers, insurance broker and benefits roll-up firm National Financial Partners Corp. faces hurdles created by its independent broker-dealer, NFP Advisor Services Group.
Attracting new blood a challenge
With the decline in the ranks of financial advisers showing no signs of abating, large broker-dealers and individual investment advisers are faced with the stark challenge of figuring out how to bring fresh blood into the investment advice business.
Moving from wirehouses pays off
Breaking away from the wirehouses has paid off handsomely for financial advisers over the past five years, according to a new study from Fidelity Investments.
Satisfaction with advisers climbing; RBC, Fidelity lead the pack, J.D. Power says
Investors' approval of their advisers continues to increase after dropping sharply in the aftermath of the credit crisis. Liz Skinner tells why.
Legal fallout, competition dog NFP as it seeks to go private
Just as it's preparing to go private with a sale to private-equity buyers, insurance broker and benefits roll-up firm National Financial Partners Corp. is facing hurdles created by its independent broker-dealer, NFP Advisor Services Group. First is the potential costly legal fallout from NFP
Adviser numbers will continue to slide: Cerulli
Financial adviser and IBD headcounts continue to shrink as training can't catch up with the drain of talent. But how's the rest of the business faring?
States urge SEC to chuck Finra's Schwab decision
The pressure is mounting to get rid of mandatory arb contracts. The latest: State regulators are urging the SEC to toss a Finra ruling that upheld Charles Schwab's use of the waivers.
Explore your opportunities and be informed for your next move.
Mary Beth Franklin, InvestmentNews
Davis D. Janowski, InvestmentNews