Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Ameriprise and Wells Fargo Sued Over Low Interest on Client Cash
By Dinah Wisenberg BrinThe lawsuits follow similar client complaints against LPL Financial and Morgan Stanley.
July 26, 2024
LPL Profits Drop in Q2; Stock WeakensAdvisory and brokerage assets rose 21% from a year ago, the independent broker-dealer reported.
July 26, 2024
Morgan Stanley Rep Fined for Making Unauthorized Trades, Texting ClientThe firm has agreed to pay more than $15 million in arbitration cases tied to the rep's conduct.
July 25, 2024
What the BD Industry Looks Like Now, in 5 ChartsFINRA's annual snapshot shows that the number of firms continue to decrease as the number of reps increases.
July 25, 2024
Raymond James Reports 27% Profit Growth, Weaker Cash Sweep Results"Recruiting activity remains strong," said CEO Paul Reilly, who plans to step down next year.
July 25, 2024
It's Time for a Reg BI Crackdown at SEC: Ex-CommissionerThe rule is falling short of its goal and Form CRS is "bad," former SEC Commissioner Robert Jackson says.
July 24, 2024
741 BDs Opt In to FINRA Home Office InspectionsOpt-ins are highest among large firm and represent 22% of the industry, FINRA says.
July 22, 2024
Deutsche Bank to Expand Hiring in U.S. Wealth PushThe German bank's U.S. wealth unit wants to become one of Wall Street's main European rivals for serving the nation's ultra-rich.