Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Are DOL Fiduciary Foes Protecting the Little Guy? Financial Engines CIO Cries Foul
By Bernice NapachChristopher Jones says opposition to the fiduciary rule is not really about how it impacts small investors but firms' desire to sell them high-fee products.
March 22, 2016
Morgan Stanley to Pay $34 Million to HSN Founder’s EstateTwo brokers, Ami Forte and Terry McCoy, are liable for claims of unauthorized trading, negligence and unjust enrichment, among others, a FINRA panel said.
March 22, 2016
RCS Capital, Cetera Settle Poaching Suit With LightyearLightyear, which is buying the Advisor Group from AIG, has agreed not to recruit RCS Capital's senior management through late September.
March 21, 2016
Ladenburg Thalmann Rolls Out Robo-AdvisorReps in Ladenburgs network, which includes Securities America, Triad, Investacorp and other IBDs, can offer automatic investing to clients with as little as $500.
March 18, 2016
The Gloomy Future of (Independent) Broker-DealersIf Michael Kitces is right, a fiduciary standard for all retail advisors may well spell the end of non-underwriting broker-dealers.
March 17, 2016
FINRA Warns BDs to Follow Robo-Advice RulesReport reminds broker-dealers offering digital advice services of their investor-protection obligations under our rules, says FINRA's Axelrod.
March 17, 2016
LPL, Edward Jones Pre-DOL Rule Shifts: Smart Moves or Overreaction?Industry watchers share their views on the merits and drawbacks of such an approach by several broker-dealers.
March 17, 2016
Recruiting Roundup: Raymond James Adds $225M Breakaway TeamMeanwhile, U.S. Trust shares the details about its new batch of of private client advisors.