LPL Adds Teams From Morgan Stanley, Lincoln; Merrill Grabs Ex-UBS Duo
The indie broker-dealer should bring in about $600 million in new assets and the wirehouse about $300 million.
Mercatus’ Peirce Said to Be Leading Candidate for SEC Seat
Hester Peirce, a fellow at George Mason University’s Mercatus Center, is the leading candidate to replace Commissioner Daniel Gallagher, sources say.
4 Must-Ask Questions for Advisors' E-Signature Providers
E-signatures offer many benefits to advisors, their partners and their clients—but choose your vendor wisely.
SIFMA, FSR Propose ‘Uniform Best Interests’ Standards for BDs
SIFMA’s CEO, Ken Bentsen, says its legal standard would protect investors and avoid “separate and inconsistent” fiduciary policymaking at DOL and SEC.
FINRA Boosts Asset-Backed Securities Market’s Transparency
By Dec. 4, asset-backed securities transactions will be available to the public no later than 15 minutes after the trade is executed.
FINRA BrokerCheck Ad Campaign Supported by Huge Fine Volume
FINRA's $3.5 million campaign compares hiring a broker without checking BrokerCheck to other "leap-before-you-look" mistakes.
SEC, FINRA Issue Robo-Advisor Warning
Robo-advisors have been newsworthy for some time, but a new level was reached in early May when Vanguard announced the launch of Vanguard Personal Advisor Services, a hybrid approach that combines robo-advisor technology and real advisors.
The 2015 Broker-Dealer Presidents Poll
Broker-dealer presidents are fierce competitors, and while they may cooperate in areas of advocacy—as they do notably as members of the Financial Services Institute—they all want nearly the same representatives.
The SEC ‘Hasn't Been Doing Its Job for a Long Time’: Brian Hamburger
In a wide-ranging session at the Envestnet Advisor Summit in Chicago in early May, MarketCounsel's Brian Hamburger argued that one of the main regulatory and compliance issues facing advisors is the regulators themselves.
SEC, FINRA Enforcement: Compliance Director Charged With Bilking Clients
The SEC also charged a New York securities lawyer with running pump-and-dump schemes out of his office.