Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
SEC Asks New York Court to Freeze Advisor's Assets in $7 Million Fraud Case
By Joyce HansonThe SEC charged Manhattan-based financial advisor Kenneth Ira Starr with fraud and is seeking a court order to freeze his assets after he allegedly stole $7 million in client money for his personal use.
May 27, 2010
NAPFA Names Susan John as 2010-11 ChairpersonThe National Association of Personal Financial Advisors (NAPFA) announced that it elected a new chairperson last week at its annual meeting in Chicago.
May 27, 2010
FINRA Fines Citigroup for Supervisory Violations in Misappropriation SchemeCitigroup Global Markets Inc. will pay $1.5 million for supervisory violations relating to its handling of trust funds belonging to cemeteries in Michigan and Tennessee, according to a May 27 announcement by FINRA.
May 26, 2010
Eastbridge: Worksite Producers Push For Guaranteed IssuePressure for underwriting changes is one of the most noteworthy trends affecting the insurers that write voluntary products.
May 26, 2010
Baird Adds $350 Mil Team; 4 FAs Join from Morgan StanleyBaird now includes more than 650 financial advisors, who oversaw more than $58 billion in client assets as of March 31, 2010; the majority of new FAs used to work for Morgan Stanley, Smith Barney, Merrill Lynch, UBS, Wells Fargo and Wachovia.
May 26, 2010
Baird Draws Four Advisors From Morgan Stanley, Opens Wealth Management OfficeBaird said that it just added four financial advisors and opened the firm's first wealth management office in Charlotte, N.C.
May 26, 2010
FINRA Fines Piper Jaffray $700,000 for E-mail InfractionsThe Financial Industry Regulatory Authority (FINRA) recently fined Piper Jaffray & Co. $700,000 for violations related to its failure to retain approximately 4.3 million e-mail messages.
May 26, 2010
Morningstar Tool Gives Advisors Ability to Rapidly Respond to Market EventsMutual fund research firm Morningstar, based in Chicago, announced it has launched Newsletter Builder, a Web-based publishing platform to help financial advisors "quickly communicate important investing trends and information to clients."