SEC, FINRA Enforcement Roundup: Shareholder Suit Against UBS Reinstated
In recent enforcement news, an appeals court reinstated a suit against UBS subsidiaries by two Puerto Rico-based pension funds over a $757 million bond purchase.
Top 10 Indie BDs With Best-Producing Advisors
Investment Advisor magazine’s 2012 BD Reference Guide helps sort and rank IBDs in five major categories, with AdvisorOne here highlighting 10 by the annual gross production of their advisors.
Financial Services Firms Use Social Media to Build Targeted Online Presence
A report from Corporate Insight released Wednesday found that not only are financial services firms using Facebook and Twitter, but they are maintaining multiple profiles on those networks.
Commonwealth Snags Three Securities America Top Producers
Ladenburg Thalmann’s offer to buy Securities America may have staunched the hemorrhaging, but some leakage is still in evidence as Commonwealth grabbed three top producers from the troubled broker-dealer.
Facebook Use Doubles Among Millionaires in 2011
Don’t disregard Facebook—a report from Spectrem says the number of millionaires who use the site has doubled since 2010 to 46%. Meanwhile, Chad Bockus' Socialware has secured $7 million via Morgan Stanley to enhance its platform.
2011 Will Be Big BD Recruiting Year, Says Commonwealth’s Daniels
Andrew Daniels, Commonwealth's recruiting chief, argues that with LPL going public, his firm will particularly benefit from movement of BD reps in 2011.
Broker/Dealer Briefing: Commonwealth Takes the Top Spot
Batting .500; fantastic in baseball, even better in our Broker/dealer of the Year annual surveys. One firm has taken the top spot more than any...
National Financial Adds to Sweep Options
Eight different sweep options now available to brokerage customers
In a one-and-a-half page memo to Commonwealth Financial Network's advisors sent in January, new CEO Wayne Bloom mentions the word "indispensable" or "indispensability" five times. "It's...
IA Interview: Changing of the Guard, Sort Of
At the recent Financial Services Institute conference in San Antonio in January, an experienced executive from a Massachusetts-based broker/dealer suggested that the CEO of his...