Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
August 28, 2024
Osaic Makes High-Level ChangesTwo executives, including Dimple Shah, will have expanded roles, the firm's CEO said in an internal memo.
August 23, 2024
Cash Sweep Clients 'Were Paid Peanuts': Ex-SEC CommissionerFormer SEC Commissoner Robert Jackson has partnered with a law firm to help underpaid brokerage customers.
August 23, 2024
Barclays to Pay Nearly $1.3M Over Fingerprint FailuresBarclays did not fingerprint any of its non-registered associated persons based in foreign locations, FINRA said.
August 21, 2024
LPL Recruits Osaic Teams With $4BThe moves include over 30 financial advisors based in Lutherville, Maryland, and Berwyn, Pennsylvania.
August 20, 2024
10 Best Robo-Advisors: Q2 2024The robo industry has reached a mature phase, with over $1 trillion in assets, according to Condor Capital.
August 20, 2024
Best & Worst Broker-Dealers: Q2 Earnings, 2024Most large firms reported higher profits in the second quarter, but some disclosed challenges tied to their cash sweep programs.
August 16, 2024
American Portfolios Agrees to $225K FINRA FineThe firm failed to flag a client's deposit and liquidation of 330,000 shares on one day, for instance.
August 16, 2024
Raymond James' Expands Leadership ReshuffleThe firm's latest shifts come five months after Chief Executive Officer and Chair Paul Riley said he planned to retire from the CEO slot.
August 14, 2024
SEC Slams LPL, Raymond James & 24 Other Firms With $393M in Off-Channel Messaging FinesAmeriprise, Edward Jones and Osaic were also fined for failing to retain messages sent on unauthorized channels, like WhatsApp.
August 13, 2024
Cadaret Grant to Pay $6M Over Mutual Fund Revenue-Sharing ConflictsThe firm must evaluate whether clients should be moved to an available lower-cost share class or fund.