Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Bogus Broker Pleads Guilty to Securities Fraud, Faces Up to 25 Years in Prison
By Jeff BermanThe scammer posed as a broker and obtained over $2.7 million from at least 19 investors, prosecutors say.
November 16, 2021
World's 25 Biggest Wealth Management Firms by AUM: 2021Aite-Novarica Group crunched the numbers on big broker-dealers, wirehouses and other firms.
November 15, 2021
Ex-J.P. Morgan Rep Claimed He Ran Gardening Business to Get COVID Loan: FINRAFINRA has suspended the former broker from the industry for seven months.
November 12, 2021
What's in an Investor's Best Interest? Depends on Who You Ask: Dalbar"Best interest" as defined by advisors is not in sync with investors' priorities, the analysis found.
November 11, 2021
With Reg BI, 'Think Broadly' About Recommendations: SEC's LeeThe commissioner warned BDs to consider how Reg BI could affect their communications, tech use and even account opening practices.
November 11, 2021
Schwab Asks Court to Dismiss Class-Action Suit Over Cash SweepsThe firm says the case should be dismissed "for lack of jurisdiction" and a "failure to state a claim on the merits."
November 09, 2021
FINRA Fines Aegis Capital Over Unsuitable TradesNearly 70 customers' accounts were potentially excessively and unsuitably traded by the firm's reps, according to FINRA.
November 09, 2021
FINRA Bars Broker Accused of Trading in Dead Client's AccountThe broker, formerly affiliated with SagePoint and Cambridge, was accused of excessive unauthorized trading and forgery.