Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
B/D Briefing: FINRA's Ketchum Sees a Fiduciary Future for B/Ds
By Melanie WaddellAs the Senate continued its debate on Senator Chris Dodd's financial services reform bill in mid-May, members of Congress were wading through a series of...
May 27, 2010
SEC Asks New York Court to Freeze Advisor's Assets in $7 Million Fraud CaseThe SEC charged Manhattan-based financial advisor Kenneth Ira Starr with fraud and is seeking a court order to freeze his assets after he allegedly stole $7 million in client money for his personal use.
May 27, 2010
Edward Jones Pushes to Add 1,100 FAs; A Tough Target for '10, Says ExecAt 12,743 advisors, Edward Jones is smaller than Morgan Stanley, Wells Fargo and Merrill Lynch in terms of the size of its advisor force but is ahead of independent giant LPL Financial.
May 27, 2010
Treasury's Wolin Vows Fight for Broker Fiduciary Duty in Reform LawThere are "still real issues at stake" in the conference process of the financial services reform bill, Deputy Secretary of the Treasury Neal Wolin told attendees at the FINRA annual conference in Baltimore on May 27.
May 27, 2010
NAPFA Names Susan John as 2010-11 ChairpersonThe National Association of Personal Financial Advisors (NAPFA) announced that it elected a new chairperson last week at its annual meeting in Chicago.
May 27, 2010
FINRA Fines Citigroup for Supervisory Violations in Misappropriation SchemeCitigroup Global Markets Inc. will pay $1.5 million for supervisory violations relating to its handling of trust funds belonging to cemeteries in Michigan and Tennessee, according to a May 27 announcement by FINRA.
May 26, 2010
Eastbridge: Worksite Producers Push For Guaranteed IssuePressure for underwriting changes is one of the most noteworthy trends affecting the insurers that write voluntary products.
May 26, 2010
Baird Adds $350 Mil Team; 4 FAs Join from Morgan StanleyBaird now includes more than 650 financial advisors, who oversaw more than $58 billion in client assets as of March 31, 2010; the majority of new FAs used to work for Morgan Stanley, Smith Barney, Merrill Lynch, UBS, Wells Fargo and Wachovia.