Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Merrill Revamps Wealth Management Leadership
By Katherine DohertyThe unit named Lindsay Hans and Chandler Root as new division executives, according to Merrill President Andy Sieg.
December 20, 2021
Schwab's Bernie Clark: RIA Growth 'Is Coming From All Directions'"Wherever you look, more advisory firms, including traditional brokerages, want to look more like RIAs," says the head of Schwab Advisor Services.
December 20, 2021
FINRA Upholds Bar of Ex-Broker Caught Cheating on Series 24 ExamThe ex-broker and compliance officer for a firm in Texas allegedly wrote test information on his driver's license, fingers and forearm.
December 17, 2021
JPMorgan Bosses, Hooked on WhatsApp, Fuel $200M PenaltyTens of thousands of messages escaped surveillance, hindering investigations, the SEC said as it doled out an unusually large fine.
December 17, 2021
How Being Tuned Into Psychology Pays Off in Finance: Cambridge's Amy WebberIt's tough to balance the care your employees and clients need, but "if you fail your clients, you will inevitably fail your employees too," the executive points out.
December 17, 2021
RBC Capital to Pay $1M for Failing to Police High-Yield Bond InvestmentsThe firm failed to review more than 100 accounts for potentially unsuitable concentrations of high-yield bonds, FINRA says.
December 16, 2021
Wedbush to Pay More Than $1.2M Over Unregistered Microcap Securities SalesThe firm also failed to report suspicious transactions, the SEC alleged.
December 15, 2021
Prospera Financial Buys Dorsey & Co.The acquired firm will maintain the Dorsey and Co. brand and operate as a Prospera office of supervisory jurisdiction.