Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Wealth Units at Raymond James, Ameriprise & UBS Boost Profits: Q2 Earnings
By Janet LevauxOnly one of the three firms, though, reported rising advisor headcount from both the prior year and the earlier quarter.
July 23, 2019
BDs Should Stop Using the A-Word in Light of Reg BI: AttorneysReg BI prohibits a broker-dealer and its reps from calling themselves "adviser" or "advisor" if the BD is not an RIA.
July 22, 2019
Merrill Could Pay $82M for Broker's Excessive TradingThe firm will pay $40 million in one case against the broker, and another is pending.
July 22, 2019
Start Preparing Now for the End of Libor-Linked Loans, SecuritiesThat's what New York Fed President John Williams, Fannie Mae and Freddie Mac officials and Wall Street executives recommended at a recent SIFMA briefing.
July 18, 2019
Brokerage Industry Blasts NJ Fiduciary Rule at HearingThey said SEC Reg BI precludes the need for a state fiduciary rule; consumer advocates disagreed.
July 18, 2019
Wealth Enhancement Group Adds $1B RIA: Recruiting RoundupMeanwhile, Raymond James brings on two wirehouse teams with over $720 million, and LPL nabs teams with a total of $235 million.
July 17, 2019
Kestra Launches Succession Planning UnitBluespring Wealth Partners will acquire experienced RIA and wealth management firms with at least $1 million of earnings.
July 17, 2019
FINRA Settles With 56 BDs, Gets $89M in Restitution Under Mutual Fund Fee InitiativeThe multi-year effort's goal was obtaining "restitution for mutual fund investors who were not afforded the sales charge waivers they were entitled to," FINRA said.