Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Raymond James to Buy Back $280M of ARS, Pay $1.75M Fine
By Janet LevauxThe settlement with state regulators and the SEC affects auction rate securities bought before mid-February 2008 for $2.1 billion.
June 28, 2011
Baird Adds 7 Advisors From Morgan Stanley, Wells FargoThe financial advisors join Baird in the Midwest with about $420 million in assets and $2.8 million in yearly fees and commissions
June 23, 2011
Raymond James’ FAs Boost Results 15% in MayTotal assets under administration grew 20% year over year to $282 billion in May 2011
June 22, 2011
Morgan Keegan Agrees to Pay $210M Fine; Could Be Sold by Parent FirmAfter a big fine relating to mortgage-backed securities, Regions Financial brings on Goldman Sachs to explore "strategic alternatives" for the broker-dealer.
June 21, 2011
California Advisors, BDs Could Face New Employment RulesFSI is lobbying against new regulation of independent contractors in the Golden State
June 17, 2011
Raymond James’ Elwyn on FAs and Satisfaction of Volunteering: Weekend InterviewClose to 300 advisors and other volunteers from more than 15 branch offices share 1,000 hours to improve their communities in May.
June 16, 2011
J.D. Power Broker Survey: Investor Satisfaction Up, Wirehouse Scores Stay LowRBC Wealth Management ranks highest, followed by Charles Schwab and Fidelity.
June 15, 2011
Raymond James Taps Former UBS Exec, Morgan Stanley Consultant as Head of ITBella Loykhter Allaire will lead the firm's technology and operations divisions beginning on June 20