Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Scottrade to Pay $2.6M FINRA Fine Over Email Retention Failures
By Melanie WaddellScottrade failed to adhere to federal securities and FINRA rules under the 'Write-Once, Read-Many' or WORM format
November 12, 2015
RCS Capital Charged With Proxy-Voting Fraud; NYSE May Dump StockMassachusetts regulators say RCS Capital employees impersonated shareholders and voted for a proposed deal with Apollo.
November 11, 2015
How Health Care Will Crush the 80% Income Replacement Idea in RetirementRetirees planning to replace 80% to 85% of their income may fall short once health care is factored in, HealthView Services warns.
November 11, 2015
Recruiting Roundup: UBS Adds $2B Advisors as Merrill Picks Up $1B RepsMeanwhile, Morgan Stanley and Raymond James share their recruiting news, and a group breaks away to work with Dynasty.
November 11, 2015
BrokerCheck Can Help Predict Investor Harm, FINRA Study FindsThe BrokerCheck database is a significant predictor of brokers who may ultimately do investors wrong, two FINRA chief economists say.
November 10, 2015
Caveat Empty: Most Clients Don’t Understand the Brokerage BusinessThe principle of caveat emptor went out the window when brokers started using the moniker advisor to evade the 40 Act standard.
November 10, 2015
Hatteras Splits From Crumbling RCAP as Moody’s Mulls DowngradeThe alt investment firm returns to its independent roots after 16 months with its troubled owner, RCAP, led by CEO Michael Weil.
November 10, 2015
Raymond James Adds Billion-Dollar Group in GuamThe Asia Pacific Group was formerly with Morgan Stanley, where it had about $3 million in yearly production.