Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Advisor Misconduct: How Widespread?
By Janet LevauxA new study of advisor misconduct is drawing attention to bad behavior in the financial industry and to itself for what industry players and analysts point to as exaggerations, skewed data and other issues.
March 25, 2016
SEC Approves FINRA’s Broker Comp Disclosure RuleUnder the rule, customers will have a more complete picture of the potential implications of a decision to transfer assets when a broker switches firms.
March 24, 2016
LPL Facing Lawsuits Over Stock DropThe independent broker-dealer's shares are down about 50% from its 52-week high.
March 23, 2016
Raymond James CEO: Over 90% of Alex. Brown Reps RetainedRaymond James says it's on track to retain most of the 200 Deutsche Bank advisors moving to the firm after the wealth unit's acquisition.
March 23, 2016
Are DOL Fiduciary Foes Protecting the Little Guy? Financial Engines CIO Cries FoulChristopher Jones says opposition to the fiduciary rule is not really about how it impacts small investors but firms' desire to sell them high-fee products.
March 23, 2016
Dalbar’s Harvey: DOL Fiduciary Rule’s Cost to Brokers’ BusinessesThe Dalbar CEO talks to ThinkAdvisor about how the rule will change brokers day-to-day jobs and how those who embrace their fiduciary duties will profit.
March 23, 2016
The DOL (and SEC) Fiduciary Rule and the Two-Hat DilemmaMichael Kitces is right that the fiduciary issue is one of the brokerage industrys own making, which is why it's still wrestling with the complications.
March 22, 2016
Morgan Stanley to Pay $34 Million to HSN Founder’s EstateTwo brokers, Ami Forte and Terry McCoy, are liable for claims of unauthorized trading, negligence and unjust enrichment, among others, a FINRA panel said.