Independent BDs Back SIPC Over Stanford Suit
Fallout from the Allen Stanford case is still growing. In the latest clash over whether shareholders should be protected from losses á la Bernard Madoff, the National Association of Independent Broker-Dealers has sent a letter to the SEC, that says the SIPC should not have to cover those losses.
New Hire Roundup: NAIBD Adds Two to Board; Former RBC Team Goes to JHS
This week in new hires, the National Association of Independent Broker-Dealers made two additions to its board of directors; a wealth management team formerly of RBC moved over to JHS Capital Advisors; and Direxion named a new mid-south senior sales director.