Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
LPL Failed to Vet Client, Allowed Fraudulent Wire Transfers: SEC
By Melanie WaddellThe client misappropriated $3 million from a Puerto Rican city after opening an LPL account, the SEC says.
September 30, 2021
Senator Warns SEC Chief Not to Crack Down on Trading AppsThe SEC's mission "does not extend to protecting investors from themselves," Sen. Pat Toomey writes.
September 29, 2021
FINRA Plan Sets Annual Fee for CE RequirementsThe fee would apply to members who take CE to remain qualified for up to five years after their registration is terminated.
September 29, 2021
DOJ, SEC Charge Ex-Advisor With Bilking 3 Older ClientsThe ex-broker used the money to pay for luxury cars, vacations, private school tuition and a gold necklace, according to the authorities.
September 29, 2021
The History of the Financial Planning Profession, Part 1Let's take a look at how the profession has evolved so we can better understand where it's going.
September 29, 2021
FINRA Adopts Restricted Firm RulesThe rules impose new obligations on broker-dealers with a significant history of misconduct.
September 28, 2021
Interactive Brokers Fined $1.75M for Failures Amid Oil Futures Price CollapseThe firm's trading system was unprepared when prices turned negative in April 2020, according to the CFTC.
September 28, 2021
Reg BI Compliance Requires 'Tailored' Policies and Procedures: SECGive registered reps specific examples of how to accomplish Reg BI's requirements, the SEC's Asset Management director suggests.