Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
With a Record Fine Behind It and an IPO Ahead, Will Robinhood Change Its Ways?
By Jeff BermanThe brokerage prepares to go public amid discussion of whether the $70 million penalty is "an absolute joke" or "a start" on holding it responsible.
June 30, 2021
Robinhood Hit With FINRA's Biggest-Ever PenaltyThe record fine and restitution, totaling about $70 million, reflect "the scope and seriousness of the violations," FINRA says.
June 29, 2021
JPMorgan Subsidiary to Pay $2.75M for Failing to Register as BDIn an unusual move, SEC Commissioner Hester Peirce said she disagrees with the majority decision.
June 29, 2021
Goldman Plans New Dallas Campus, Extending Bet on Hub in TexasEarlier this year, Schwab relocated its headquarters to the Dallas suburb of Westlake, where Fidelity has a campus.
June 28, 2021
Putnam Names New Co-CIO of Global Asset AllocationBrett Goldstein and his co-chief investment officer, Robert Schoen, will be responsible for strategy and positioning of GAA products.
June 28, 2021
FINRA Bars Ex-Ladenburg Broker Accused of Forging Client SignaturesThe former broker for Ladenburg's Triad Advisors, now owned by Advisor Group, also refused to produce documents in a FINRA inquiry.
June 25, 2021
Merrill to Pay More Than $11M Over UIT RolloversOver 3,000 clients incurred potentially excessive sales charges in connection with early UIT rollovers, FINRA says.
June 24, 2021
LPL Hits Milestone on $22B M&T Bank DealRoughly $14 billion of assets had been onboarded, and the remaining $8 billion should be moved over the next few months.