Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Texas BD to Pay $100K Fine, Repayments to Seniors It Fleeced in Massachusetts
By Janet LevauxIn one case, a senior client in the final stage of terminal cancer had almost all of her assets put in a variable annuity.
March 22, 2017
Raymond James Adds Team of Women From Morgan Stanley: Recruiting RoundupMeanwhile, TD Wealth grabs a group in New Jersey from Wells Fargo.
March 22, 2017
Wall Street Bonuses Not Keeping Up With ProfitsNew York Comptroller finds that NYSE firms had a 21% bounce in profits, but employees' average bonus rose just 1% last year.
March 22, 2017
SEC Shortens Trade Settlement Cycle to 2 Days From 3The T+2 rule is designed to enhance efficiency and reduce risk, the SEC says.
March 22, 2017
Goldman Sachs Set to Hire Developer for New Robo-AdvisorAutomated platform to serve wealthy clients, a job posting shows; the platform would be part of the investment management division.
March 22, 2017
Trump Education Department Now Allows Big Collection Fees on Defaulted College LoansThe new guidance affects loans from lending institutions made before the feds took over the student loan program in July 2010.
March 21, 2017
Raymond James Nabs More Merrill, Wells Fargo TeamsThe groups join in Virginia and Pennsylvania with client assets of about $350 million and $138 million, respectively.
March 21, 2017
Texas Judge Denies Emergency Request to Block DOL Fiduciary RuleThe industry groups failed to satisfy four factors required to obtain an injunction pending appeal.