Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Oppenheimer Ordered to Pay Another $14M Over Ponzi Scheme
By Jeff BermanA FINRA arb panel ruled against Oppenheimer for a third time after clients were steered to invest in a sketchy fund.
May 03, 2023
BrokerCheck to Show Problem Firms' 'Restricted' StatusStarting June 1, FINRA will label high-risk firms on the site.
May 02, 2023
4 Must-Knows for Advisors in SEC's New Reg BI GuidanceWhile aimed at BDs, the guidance helps clarify the care obligation for advisors, compliance expert Amy Lynch says.
May 01, 2023
What JPMorgan's First Republic Deal Means for Its Wealth UnitFirst Republic's large presence in California stands out as an appealing factor, with 32 branches in San Francisco and 10 in Los Angeles.
May 01, 2023
Stifel Fined $2.5M Over Broker's Shady Trades for Seniors, ChurchStifel allowed a broker to reap excessive fees and commissions for years, Massachusetts regulators say.
May 01, 2023
JPMorgan to Buy First RepublicThe bank will pay the FDIC $10.6 billion and incur $2 billion in related restructuring costs over the next 18 months.
April 28, 2023
Cetera Adds Direct, Custom Indexing to Advisory PlatformThe Manager Program is intended to help advisors address tax management needs.
April 28, 2023
Lawyer Breaks Down SEC's Sweep of Advisors' TextsThe SEC is requiring that firms retain business communications but hasn't defined what that means.