Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Wall Street Texting Habit Sticks Banks With Rare $1B Bill
By Sridhar Natarajan, Katherine Doherty, Hannah Levitt and Matt RobinsonRegulators have zoomed in on Bank of America, Citigroup, Goldman Sachs, JPMorgan and Morgan Stanley over record-keeping lapses.
July 14, 2022
Ex-Broker Charged With Murdering BofA Exec Wins Right to See Police FilesAnthony Duwayne Turner, charged with killing his ex-girlfriend Michelle Avan, can examine files for evidence of police misconduct.
July 14, 2022
Morgan Stanley to Pay $200M Over Misuse of Personal DevicesEarlier, regulators imposed a similar fine on JPMorgan, noting that managers had used WhatsApp and personal email for work.
July 14, 2022
David Canter to Join Kestra's Bluespring as PresidentThe news comes two days after Fidelity said Canter would step down as head of its RIA segment.
July 13, 2022
FINRA Bars 2 Reps for Cheating on Remote ExamsBoth reps were barred for accessing the internet while taking a FINRA registration exam online.
July 12, 2022
Barred Broker Sentenced to Prison for $12M Ponzi SchemeMatthew Eckstein will get up to 10.5 years in prison for his role in bilking more than 50 investors, the prosecutor said.
July 12, 2022
Record-Low Fund Fees Saved Investors $6.9B Last Year: MorningstarU.S. funds' asset-weighted average expense ratio fell to 0.40% in 2021, less than half of what it was in 2001.
July 08, 2022
LPL Financial to Buy 108-Year-Old FirmLPL signed a deal to buy the Private Client Group business of Boenning & Scattergood in Pennsylvania.