Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
FINRA to Assume Oversight of NYSE Euronext Markets
By Michael S. FischerThe Financial Industry Regulatory Authority (FINRA) will assume surveillance and enforcement functions for NYSE Euronext's three U.S. equities and options markets in an agreement announced June 14.
June 15, 2010
Putnam Investments to Launch Multi-Cap Equity FundsPutnam Investments announced Monday, June 14, that it will be launching a suite of three U.S. multi-cap equity funds, available by late September 2010.
June 15, 2010
Russell Survey: Clients Risk Falling Short of GoalsIn the latest Financial Professional Outlook quarterly survey of 400 financial advisors, Russell Investments says it found that clients are at risk of falling short of their financial goals if corrective action is not taken.
June 14, 2010
ING Introduces Two New 'Fixed-Index' AnnuitiesWith the goal of helping consumers better prepare for retirement, ING introduced two new fixed-index annuity products to the marketplace on Monday, June 14.
June 14, 2010
SEC Charges Phony Western Gold Sales Team in $300 Million Ponzi CaseThe SEC charged Friday, June 11, that a group of swindlers persuaded more than 3,000 U.S. and Canadian investors to put their savings and home equity into a $300 million Ponzi scheme for a phony gold-mining operation.
June 14, 2010
For Pershing's Kumar, Mobile Apps Are the Future Now for AdvisorsWhen Pershing's chief information officer, Suresh Kumar, talks about Pershing LLC's NetX360 platform that just celebrated its one-year anniversary, he's understandably excited about the 70% adoption rate of NetX360.
June 14, 2010
As FAFSA Deadline Approaches, College Students Urged to Apply Before Aid Window ShutsCollege students--and the parents who help them pay tuition costs--have until June 30 to file a free application for federal student aid (FAFSA) before the window shuts for the 2009-2010 and the 2010-2011 school years.
June 11, 2010
Morningstar Reports Largest Domestic-Equity Fund Outflow Since March 2009Redemptions of nearly $15 billion from domestic-equity funds, the largest outflow since March 2009, contributed to outflows of $13.2 billion for all long-term funds in May, Morningstar reported.