Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Advisor Charged With Securities Fraud in Insider Trading Scheme
By Jeff BermanAn advisor allegedly traded after a friend discussed a potential acquisition at the company he worked for.
September 20, 2022
Waddell & Reed Ordered to Pay $776K Over Reverse ChurningThe firm allegedly breached its fiduciary duty by keeping clients who traded infrequently in wrap-fee accounts.
September 20, 2022
Morgan Stanley to Pay $35M SEC Fine Over Data SecurityAbout 15 million clients' details were compromised over a five-year period starting in 2015.
September 19, 2022
Ex-Morgan Stanley Broker Pleads Guilty to $7M Ponzi SchemeShawn Edward Good bought at least five luxury cars with clients' money, according to prosecutors.
September 16, 2022
Goldman Sachs Faces Fed Scrutiny of Money-Losing Marcus Consumer UnitFederal Reserve officials have been looking into its online-banking platform for retail clients, say people with knowledge of the matter.
September 16, 2022
Chicago BD to Pay Over $105K for Failing to Register as Muni AdvisorLoop Capital Markets is the first broker-dealer to be charged under the muni advisor rule.
September 15, 2022
Sanctuary Wealth Adds Another Billion-Dollar Wirehouse TeamSLK Private Wealth had advised on over $1.6 billion in client assets at Wells Fargo Advisors.
September 14, 2022
Merrill Pledges $1.25M to CFP Board Diversity EffortsThe donation will support initiatives including the annual Diversity Summit and 16 scholarship awards.