Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
FINRA Board Member Resigns After Suspension
By Melanie WaddellFINRA Board member Joel Blumenschein has resigned as he was recently fined $30,000 and suspended by FINRA for allegedly failing to supervise one of his companys brokers, Gary Gossett.
May 04, 2012
SEC Reopens Comment Period on Books and Records, Notifications Rules for BDsThe SEC announced that it had reopened the comment period for 30 days on its proposed amendments to its net capital, customer protection, books and records, and notification rules for broker-dealers.
May 03, 2012
Ross Mandell Sentenced to 12 Years in PrisonRoss Mandell was sentenced by Judge Paul Crotty for his conviction at trial last summer on conspiracy and securities fraud charges. The government asked that he be sent away for life.
May 03, 2012
Jud Bergman’s 4 New Rules for Advisors That Supplant the OldAt revived Advisor Summit, Envestnet CEO speaks of how the rules have changed for advisors.
May 01, 2012
Indie Broker-Dealers Face Struggle to Survive: CerulliThe things that advisors love about independent broker-dealers also give rise to the problems that make survival difficult in the channel, according to a Cerulli report.
April 27, 2012
Sen. McCaskill to EBSA: Reopen Fiduciary DialogueSen. Claire McCaskill, D-Mo., is pressing EBSA to re-open the dialogue EBSA started with industry trade groups regarding its data request on its fiduciary re-proposal.
April 27, 2012
FINRA to Hike BD Fees in Effort to Recoup ‘Significant Loss’FINRA CEO Richard Ketchum told BDs that the broader economic downturn "has led to a decrease in FINRAs revenues and resulted in a significant loss for fiscal year 2011.