Broker-Dealers - FA Magazine

Broker-Dealers

Wells Fargo Sticks With Simple Broker Payout

Monday, 08 February 2010
Wells Fargo & Co. is sticking with the unique transparency of Wachovia Securities' payout grid for the nearly 12,000 brokers who now make up Wells Fargo Advisors.

Raymond James Ordered To Pay $12M

Friday, 05 February 2010
A securities arbitration panel has ordered Raymond James Associates Inc. to pay $12.1 million to Wells Fargo Advisors LLC for alleged raiding.

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Investors Target Former Lehman Brokers

Wednesday, 03 February 2010
Some former Lehman Brothers brokers are getting caught in the tide of arbitration cases involving principal-protected notes issued by their parent company.

Fidelity Offers Free iShare ETF Trades

Tuesday, 02 February 2010
Fidelity, firing a new salvo in a price war with Schwab, is offering its RIA clients commission-free online trades on 25 iShare ETFs and the Fidelity Nasdaq Composite Index Tracking Fund.

Advisors Wary Of Wall Street's Leaders

Tuesday, 02 February 2010
The foot soldiers of Wall Street, including thousands of financial advisors, seem deeply ambivalent about how closely lawmakers should listen to their industry's leaders.

B-Ds Trade RIA Merger Horror Tales

By Evan Simonoff - Tuesday, 02 February 2010
What's the real story behind RIA mergers? Some are successful, but in general the picture isn't pretty.

Frontline News

By Sherri Scordo, February 2010 issue
Frontline News

Top Futures Regulator Wants ‘Eddie Murphy’ Rule

Friday, 29 January 2010
The top federal futures regulator wants to implement the so-called "Eddie Murphy" rule as part of new ethical standards for commodities trading.

Advisors Winning Clients—And Employees

Friday, 29 January 2010
Independent advisory firms are winning new employees from Wall Street wirehouses: experienced brokers who like the RIA model but don't want to run a business.

Securities America Denies Charges

Thursday, 28 January 2010
Securities America is denying charges in a complaint filed by the Massachusetts Securities Division that says it misled investors when it sold millions in private placement securities.

Securities America Charged With Misleading Investors

Tuesday, 26 January 2010
The Massachusetts Securities Division filed a complaint today against Securities America, charging the broker-dealer misled investors when it sold approximately $697 million in promissory notes.

LPL Adds Hybrid Business To Bruton's Duties

Tuesday, 26 January 2010
Independent broker-dealer LPL Financial has given Derek Bruton oversight of its hybrid brokerage-registered investment advisor platform.

Finra Cautions Advisors About Social Media

Tuesday, 26 January 2010
New media is spurring new guidelines for brokerage firms and their employees.

Retention Packages Have Big Impact At Morgan Stanley

Tuesday, 26 January 2010
Advisors at Morgan Stanley Smith Barney offered retention packages to 6,500 brokers, and those who were eligible are now getting paid.

Advice To Advisors: Get To Know Your Regulator

Tuesday, 26 January 2010
Regulators can seem like scary people, but financial advisors who take time to reach out to their state regulators could have an ally down the road in times of need.

Wells Fargo Advisors Hit With Payroll Crisis

Monday, 25 January 2010
Wells Fargo & Co. is throwing its legacy Wachovia Securities advisors for a loop, with payroll changes that went into effect this month.

Schwab Helps More Brokers Go Independent

Monday, 25 January 2010
Schwab announced today that it helped a record number of brokers go independent in 2009.

Finra Lays Off Five Enforcement Officials

Thursday, 21 January 2010
Five senior enforcement officials at the Financial Industry Regulatory Authority will be leaving as the regulator streamlines management.

Fidelity Recruits 191 Brokers In '09

Tuesday, 19 January 2010
Apparently benefiting from Wall Street’s troubles, Fidelity Investments said today it helped a record number of brokers go independent in 2009.

What Transaction-Tax Foes Don't Say

Monday, 18 January 2010
Estimates suggest the burden the tax would place on mutual fund investors would, while real, be smaller than other controversial fees investors have paid for years.


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