Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
The Times Editorial, Fiduciary Duty and the Levitt Rule
By Knut A. RostadWhat is unethical? Not a broker-dealer that sells proprietary product, but one that just meets fair-dealing suitability rules while simultaneously telling investors that We always place our clients first.
July 10, 2012
Report: Annuity Inflows Processed by DTCC Rose to $7.5 Billion in MayThe report reveals that annuity inflows processed by the DTCC in May increased to $7.5 billion from $7.4 billion in April. Similarly, outflows processed in May increased by almost 4% to over $6.4 billion from less than $6.2 billion in April.
July 06, 2012
It’s Not Too Late to Make Your Voice Heard on SRO BillIf youre not in favor of having FINRA become the SRO for RIAs, join the advisor grass-roots effort to advocate with Congress against Bachus bill.
July 05, 2012
Brokers, Get Ready: Suitability Rule Set to Take EffectFirms that are already concerned about the recommendations made to clients based on their existing portfolios now have this new wrinkle: the prospective customer, lawyer Brian Rubin says.
July 03, 2012
Why a Floating NAV for Money Market Funds Is a Bad IdeaSEC Chairman Schapiros suggestion would drive up the cost of investing and doing business by imposing new record-keeping and tax reporting requirements.
July 02, 2012
HighTower Adds Ex-UBS Team; Baird Grabs Merrill, Morgan FAsThe former UBS team should go independent with about $330 million in assets, while the advisors joining Baird could bring about $460 million in AUM and $3.2 million in yearly fees and commissions.