Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Merrill Wins $20M Arb Dispute Over American Airlines Investments
By Jeff BermanA FINRA panel ruled in favor of the wirehouse in a claim brought on behalf of a trust alleging negligence and breach of contract.
January 12, 2022
E-Trade to Pay $350K Over Weak Trading OversightE-Trade "failed to establish and maintain a supervisory system" to detect "potentially manipulative trading" by its clients, according to FINRA.
January 12, 2022
SEC 12b-1 Fee Crackdown Continues With Another Enforcement ActionThe firm advised clients to buy or hold mutual fund share classes that charged 12b-1 fees when lower-fee shares were available, the SEC said.
January 12, 2022
Cambridge's Amy Webber on Leadership and the Shrinking Labor MarketThe Cambridge Investment Research executive weighs in on challenges the industry is facing, artificial intelligence and the pandemic.
January 11, 2022
RBC Wealth Adds 4th Female Exec Committee MemberJanet Boie is the second woman to be appointed to the committee over the past six months, according to the firm.
January 10, 2022
SEC Bars Ex-Advisor Charged With Defrauding At Least 100 ClientsThe ex-Raymond James and Alliance Global Partners rep faced 37 client complaints in two years, according to FINRA.
January 10, 2022
Raymond James Hires Private Wealth ChiefKevin Ruth, who's worked at Fidelity, Merrill and UBS, will focus on advisors and efforts to best serve HNW and UHNW clients.
January 07, 2022
Ex-Advisor Pleads Guilty to Role in $9.3M Ponzi SchemeThe ex-advisor allegedly sold to clients investments misrepresented as annuities and secured notes with no risk of loss.