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Finra sees uptick in arbitration cases filed in first quarter
The number of arbitration cases brought before Finra was up 10% in the first quarter over a year ago and the proportion of cases resulting in damages being awarded was also up. At least one factor has emerged as the main culprit.
Brokerage industry sounds off about Finra broker compensation proposal
Comment letters show independent B-Ds want no part of it, while wirehouses are all for it.
Quantity does not equal quality: Expanding 'disclosure events' on BrokerCheck a bad idea
Brokerage industry is only one in which professionals as deemed guilty until proven innocent.
Ketchum calls controversial automatic data collection key to catching rogue brokers
Exclusive: Having pulled back efforts to become the regulator for advisers, Finra CEO Ketchum has plans to discuss BrokerCheck at this month's board meeting.
J.P. Turner gussies up for Schorsch
Independent B-D spends $8.8 million to resolve litigation prior to acquisition by RCS Capital.
Schorsch teeing up another possible broker-dealer acquisition
Real estate tycoon's B-D has "exclusivity agreement" to negotiate with one firm, according to SEC filing.
Derek Bruton: I'll be back
Derek Bruton, the executive in charge of the 13,600 representatives and financial advisers at LPL Financial, who resigned from the firm abruptly last week, said he is taking time off “to recharge the batteries and spend time with the family.” In an e-mail, Mr. Bruton said he expects to be back. “I
Finra reviews effectiveness of broker-dealer rules
Tackles broker communications with the public as well as gifts, gratuities and non-cash payments; will look at other regulations.
John Hancock B-D to terminate health and insurance benefits
Registered representatives at Signator Investors Inc., John Hancock's broker-dealer, received some dismaying news on Tuesday: The firm will be terminating its health and insurance benefits and will freeze its retirement benefits plan at the end of the year. Effective Jan. 1, 2015, the firm will
Account opening is No. 1 tech concern: Survey
Beacon finds 'client onboarding' has replaced social-media archiving as brokers' biggest technology challenge.
Infographic: Meyers Associates' Finra BrokerCheck records
Last Friday, senior columnist Bruce Kelly reported on Meyers Associates, a firm that stands out for all the wrong reasons. InvestmentNews reviewed Finra records of 75 Meyers Associates brokers, and found that the percentage of registered representatives with a disclosure event is an astounding five
BrokerCheckmate: Finra marks wave big red flag
Bruce Kelly reports about Meyers Associates, a small New York broker-dealer with five times the industry average of registered reps with marks, or 'disclosure events' on their record.
Trainee lawsuit could clip brokerages' ability to recoup costs
A former Wells Fargo trainee has sued the firm, claiming that its effort to get back $50K in training costs violates labor law. If the claim sticks, brokers could have a tough time recouping such costs from ex-employees who leave firms early.
Muriel Siebert's discount brokerage is said to seek buyers
Firm could fetch more than $50M from likes of E*Trade, TD Ameritrade, Scottrade.
Hey Janet, talk is cheap
Breakfast with Benjamin: Markets don't buy the Fed chief's words. Plus: More data today, who's going after indie advisers, Apple's Pushmi-pullyu, Icahn's intentions, a headline says it all and the Madness begins.
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February 27, 2014