Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
FINRA Orders Review of Wells Fargo Arb Ruling That Was Struck Down in Court
By Melanie WaddellA judge ruled that Wells Fargo had manipulated the arbitrator selection process.
February 16, 2022
Ex-Broker Gets 7 Years in Prison Over $2.4M Scam Targeting Older ClientsThe ex-broker told investors they were funding a shopping app but spent their money on gambling, jewelry and other items, prosecutors said.
February 15, 2022
Fidelity Adds Tactical Bond Mutual FundThe fund allows investors to allocate their assets across the spectrum of the debt market, the firm says.
February 15, 2022
Judge Awards $900K to Eye Doctor Bilked by ex-Wells Fargo AdvisorThe former rep was arrested in October in the theft of over $2.86 million from five clients.
February 15, 2022
6 Top Form CRS Failures FINRA Found in 20212021 was the first full calendar year in which FINRA examined how broker-dealers have implemented the rule.
February 15, 2022
SEC Slams 12 More Firms for Form CRS FailuresThe 6 RIAs and 6 BDs missed deadlines and failed to include all information necessary for the form, according to the agency.
February 14, 2022
Advisor Execs Rip Hightower for Suing Breakaway RIALPL's Burt White likened the suit against Michael Policar to "hanging beheaded pirates in the harbor" as a warning.
February 11, 2022
Ex-Schwab Rep Who Bilked His Dad, Other Clients Gets 16-Plus Years in PrisonThe former broker pleaded guilty to defrauding 12 investors out of more than $3.3 million.