December 14, 2011

Gold drops below $1,600 as stronger dollar muscles in

Gold closed below its 200-day moving average today, signaling prices may drop to $1,400, according to Stifel Nicolaus & Co.

• commodities,
• Stifel Financial Corp.

October 10, 2011

Court orders Wells Fargo to pay up in failed raiding claim

By Dan Jamieson

A California appeals court has ordered Wells Fargo Advisors LLC to pay $915,000 in legal fees to Stifel Nicolaus & Co. Inc. and a Stifel broker.

• lawsuits,
• Stifel Financial Corp.,
• Wells Fargo & Co.

September 28, 2011

Ex-Edward Jones brokers under FBI scrutiny over alleged Ponzi scheme

By Bruce Kelly

The FBI is investigating two former Edward Jones brokers based in South Dakota for their role in a “selling-away” case that involved raising money from clients who invested in an alleged Ponzi scheme.

• brokerage,
• Edward Jones,
• Ponzi schemes

September 6, 2011

Baird lures father-son team from Wells Fargo

By Andrew Osterland

Robert W. Baird & Co. has lured father-son team M. William McCollum Jr. and Travis McCollum from Wells Fargo Advisors LLC to work in its Charlotte, N.C., office.

• Charles Schwab & Co.,
• Robert W. Baird & Co.,
• staffing / personnel,
• Wells Fargo & Co.

August 26, 2011

Fixed and indexed annuity sales crept upward during 2Q

By Darla Mercado

Sales of indexed annuities surged to $8.4 billion, growing 18% from the first quarter. Meanwhile, income annuities climbed 30% to $2.3 billion during the same period.

• annuities,
• fixed annuities,
• ING Group,
• Stifel Financial Corp.

August 10, 2011

Stifel defrauded school districts: SEC

By Liz Skinner

Says brokerage told officials in Wisconsin it would take ‘15 Enrons' to sink $200M investment; CDOs went bust

• Stifel Financial Corp.

August 5, 2011

Former A.G. Edwards execs are out at Wells Fargo

By Dan Jamieson

Several former long-time executives of A.G. Edwards & Sons Inc. are no longer with Wells Fargo Advisors LLC, InvestmentNews has learned.

• A.G. Edwards & Sons,
• staffing / personnel,
• Wells Fargo & Co.

July 20, 2011

Massachusetts suing RBC Capital, rep over leveraged ETF sale

Massachusetts' top securities regulator is suing RBC Capital Markets LLC and one of its former registered representatives over the sale of leveraged exchange-traded funds, saying they sold them to clients who didn't understand how the investments worked.

• exchange traded funds (ETFs),
• lawsuits,
• RBC Wealth Management

July 5, 2011

RBC Wealth Management boss: We're not interested in big acquisitions

By Andrew Osterland

Despite talk of possible purchase of Morgan Keegan, Taft says bank not eyeing ‘transformational deals'

• RBC Wealth Management

June 20, 2011

RBC may use U.S. sale proceeds on wealth management

Royal Bank of Canada may use proceeds from the $3.62 billion sale of its money-losing U.S. consumer bank to expand in global asset management.

• banking,
• RBC Wealth Management