Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
The 'Quantity Game' in AUM, Advisor Recruiting Is Over: Cetera Exec
By Jeff BermanA shift in focus at Cetera has resulted in the kind of recruiting wins that matter most, its business development chief says.
January 14, 2022
Ex-Broker Gets 17.5 Years in Prison for 'Masterminding' Ponzi SchemeAt least 1,000 investors were bilked out of more than $100 million over a decade, according to the Justice Department.
January 14, 2022
Merrill Wins $20M Arb Dispute Over American Airlines InvestmentsA FINRA panel ruled in favor of the wirehouse in a claim brought on behalf of a trust alleging negligence and breach of contract.
January 14, 2022
Wells Fargo Reps Boost Production; Headcount Falls: Q4 EarningsTotal assets for the wealth and investment unit stood at nearly $2.2 trillion, up 9% from a year ago.
January 13, 2022
FINRA Bars Ex-Primerica Rep Accused of Faking CE Completion DocumentsThe Florida Department of Financial Services suspended the ex-broker for six months over the allegations in 2020.
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.