Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
BofA Reports 47% Jump in Merrill, Private Bank Profits: Q4 Earnings
By Jeff BermanThe firm's wealth management unit ended Q4 with 18,846 advisors, about flat versus Q3.
January 14, 2022
Merrill Wins $20M Arb Dispute Over American Airlines InvestmentsA FINRA panel ruled in favor of the wirehouse in a claim brought on behalf of a trust alleging negligence and breach of contract.
January 14, 2022
Wells Fargo Reps Boost Production; Headcount Falls: Q4 EarningsTotal assets for the wealth and investment unit stood at nearly $2.2 trillion, up 9% from a year ago.
January 13, 2022
FINRA Bars Ex-Primerica Rep Accused of Faking CE Completion DocumentsThe Florida Department of Financial Services suspended the ex-broker for six months over the allegations in 2020.
January 12, 2022
E-Trade to Pay $350K Over Weak Trading OversightE-Trade "failed to establish and maintain a supervisory system" to detect "potentially manipulative trading" by its clients, according to FINRA.
January 12, 2022
SEC 12b-1 Fee Crackdown Continues With Another Enforcement ActionThe firm advised clients to buy or hold mutual fund share classes that charged 12b-1 fees when lower-fee shares were available, the SEC said.
January 12, 2022
Cambridge's Amy Webber on Leadership and the Shrinking Labor MarketThe Cambridge Investment Research executive weighs in on challenges the industry is facing, artificial intelligence and the pandemic.
January 11, 2022
RBC Wealth Adds 4th Female Exec Committee MemberJanet Boie is the second woman to be appointed to the committee over the past six months, according to the firm.