Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
LPL Adds $1B Team to Employee Advisor Channel
By Jeff BermanThe three-person team joined Linsco by LPL Financial from Fifth Third Private Bank and launched PB FAM Private Wealth.
September 29, 2023
Osaic Wealth, Affiliate BDs Broke Custody Rule: SECThe firms failed to obtain independent verification of client funds and securities of which the firms had custody.
September 29, 2023
SEC Drops New Wave of WhatsApp Fines on BDs, Advisory FirmsBaird and Interactive Brokers are among the firms that agreed to pay penalties.
September 28, 2023
FINRA Files to Extend Remote Inspections Into 2024The temporary relief would allow remote inspections to continue until June 30.
September 28, 2023
SEC Finalizing 19 New Settlements in Wall Street WhatsApp Probe: ReutersThe settlements are with investment advisors and broker dealers, according to the report, with details expected by Sept. 30.
September 26, 2023
Former Football Star and Morgan Stanley Rep Gets FINRA PenaltyWilliam Donovan Ard, a onetime NFL guard, allegedly mismarked orders and used an unapproved cellphone for client communications.
September 26, 2023
The Seven Deadly Sins of Year-End Financial PlanningThese lapses could tempt your client to forsake you for another advisor.
September 25, 2023
Schwab Call Center Woes Plague RIAs After TD Ameritrade Move"I can tell you the company line from Schwab is very misleading," one advisor said.