Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
BD Fined for WSPs With No Mention of Reg BI
By Melanie WaddellJVM Securities' written procedures discussed Reg BI but were not tailored to its business, FINRA said.
July 30, 2024
Ameriprise and Wells Fargo Sued Over Low Interest on Client CashThe lawsuits follow similar client complaints against LPL Financial and Morgan Stanley.
July 30, 2024
Amerprise Sues LPL Over 'Shocking' Recruiting TacticsThe firm accuses LPL of "systematically" directing its recruits to take confidential client information.
July 29, 2024
Ameriprise Posts 45% Jump in Variable Annuity SalesDemand rose for variable universal life products that affluent clients can use to build cash value.
July 26, 2024
LPL Profits Drop in Q2; Stock WeakensAdvisory and brokerage assets rose 21% from a year ago, the independent broker-dealer reported.
July 26, 2024
Morgan Stanley Rep Fined for Making Unauthorized Trades, Texting ClientThe firm has agreed to pay more than $15 million in arbitration cases tied to the rep's conduct.
July 25, 2024
What the BD Industry Looks Like Now, in 5 ChartsFINRA's annual snapshot shows that the number of firms continue to decrease as the number of reps increases.
July 25, 2024
Raymond James Reports 27% Profit Growth, Weaker Cash Sweep Results"Recruiting activity remains strong," said CEO Paul Reilly, who plans to step down next year.