Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
Morgan Stanley to Pay $200M Over Misuse of Personal Devices
By Sridhar Natarajan and Katherine DohertyEarlier, regulators imposed a similar fine on JPMorgan, noting that managers had used WhatsApp and personal email for work.
July 12, 2022
Barred Broker Sentenced to Prison for $12M Ponzi SchemeMatthew Eckstein will get up to 10.5 years in prison for his role in bilking more than 50 investors, the prosecutor said.
July 12, 2022
Record-Low Fund Fees Saved Investors $6.9B Last Year: MorningstarU.S. funds' asset-weighted average expense ratio fell to 0.40% in 2021, less than half of what it was in 2001.
July 08, 2022
LPL Financial to Buy 108-Year-Old FirmLPL signed a deal to buy the Private Client Group business of Boenning & Scattergood in Pennsylvania.
July 08, 2022
Envestnet Buys Advisor Billing Provider: Tech RoundupAlso, the Digital Assets Council of Financial Professionals added a new online self-study course for advisors.
July 07, 2022
SEC's First Reg BI Action Singles Out Individual AdvisorsUntil recently, how the commission would interpret and enforce the new rules was largely unknown.
July 06, 2022
Best & Worst BDs for Advisors: J.D. Power, 2022Overall satisfaction is lowest among employee advisors with the longest tenure, representing a huge attrition risk to their firms.
July 06, 2022
Stifel Broker Killed in Highland Park ShootingStephen Straus worked for 54 years as a broker, 24 of them at Stifel.