Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
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November 01, 2024
Ex-JPMorgan Advisor to Halt Client Poaching Amid ArbitrationGary Carruthers was sued after allegedly persuading former clients with $24 million in assets to move their business to Wells Fargo.
November 01, 2024
JPMorgan Pays $151M to Settle Slate of SEC ComplaintsOne issue involved a Reg BI violation for steering clients into pricey mutual fund investments despite cheaper alternatives.
October 31, 2024
Rep Churned Senior Business Owner's Account, Violated Reg BI: FINRAJesse Krapf recommended in-and-out trading that was excessive and unsuitable, according to the regulator.
October 31, 2024
Kentucky Advisor Fined Over Bourbon-Tasting BusinessThe advisor didn't get written approval from Edward Jones but firm members attended a tasting, according to FINRA.
October 31, 2024
LPL Discloses $18M Charge, but No Arnold Updates on Q3 CallThe firm, now led by Rich Steinmeier, expects an SEC settlement related to anti-money laundering controls.
October 29, 2024
Cause of Death Found for Wells Fargo Employee Who Died at DeskThe body of Denise Prudhomme, 61, was discovered days after she'd scanned into the office.
October 28, 2024
Ameriprise: Departing Advisors Took 4,500 Clients' Data to LPLAn LPL tool allowed recruits to upload client data beyond the Broker Protocol, Ameriprise says.