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Bruce Kelly

Senior Columnist, Independent Broker-Dealers and Wirehouses

Bruce Kellyhttp://www.investmentnews.com/apps/pbcsi.dll/persbilde?Avis=CI&ID=BKELLY&maxw=220&cci_ts=20170823225502

A former middle school and high school English teacher, Bruce Kelly started at InvestmentNews in 2000 as the brokerage reporter after a two-year stint at sister publication Pensions & Investments. He writes a bi-weekly, award winning column, On Advice, and covers the independent broker-dealer industry.

Recent Articles


Allstate sues Ameriprise for allegedly stealing client information

Aug 22, 2017

According to the lawsuit, agents being recruited away have been encouraged to create contact lists and download data on flash drives to later solicit clients


Big win for LPL in class action over 2016 stock price drop

Aug 22, 2017

Judge dismisses lawsuit, citing lack of specific details to support allegations.


Cetera broker-dealers to pay back $3.3 million to clients overcharged for mutual funds

Aug 22, 2017

Over an eight-year period, the B-Ds failed to properly supervise sales charge waivers to clients in retirement plans and charitable organizations


Client wins $433,000 through Finra arbitration claim, but will likely see no payment

Aug 21, 2017

The claim against defunct broker-dealer EDI Financial Inc. highlights a growing problem of unpaid arbitration awards


Attorney blasts Finra after regulator loses insider trading case

Aug 18, 2017

Lawyer says it was 'slimy' of Finra to publicize the case while it was still being litigated


Plenty of advisers eager to scoop up 'orphaned' accounts

Aug 17, 2017

A central argument against the DOL fiduciary rule is that investors with smaller accounts will be abandoned. But many advisers stand ready to serve them.


Since banking scandal, Wells Fargo advisers with more than $19.2 billion leave firm

Aug 16, 2017

Despite a trying year, the firm has said it will sweeten signing bonuses for veteran advisers


Is LPL's deal sweet enough for NPH's 3,200 reps and advisers?

Aug 16, 2017

They will have to decide if the signing package they are being offered by LPL makes sense. A lot is hanging in the balance.


LPL Financial buys NPH, a broker-dealer network with 3,200 advisers

Aug 15, 2017

The deal, part of which is based on the advisers and revenue that eventually will move from NPH, could potentially cost LPL $448 million


FSC Securities to pay $592,000 for failure to supervise leveraged ETFs

Aug 14, 2017

The Financial Industry Regulatory Authority Inc. and FSC Securities last Thursday announced that the firm will pay a $100,000 fine and $492,000 to clients

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