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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=20170919111627

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


Finra bars former First Allied broker with history of social media miscues

Sep 18, 2017

John Kai had been fired earlier this year for violations of communications policies, outside business activities and borrowing funds from a client, to name a few


Broker-dealers and RIAs at loggerheads over fiduciary rule delay

Sep 15, 2017

Companies and groups weighing in with comment letters have vastly different viewpoints on the delay's potential impact

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SEC warns RIAs about exaggerating investment performance and other misleading advertising practices

Sep 14, 2017

The regulator's Office of Compliance Inspections and Examinations issued a risk alert Thursday about a number of potential violations of advertising rules


Cathay Bank's $507 million retail brokerage business returning to Cetera

Sep 14, 2017

Bank had left Cetera when its parent company, RCS Capital, filed for bankruptcy


It's been a good year for publicly traded brokerage firms — but not all

Sep 13, 2017

Shares of LPL, Raymond James and Ameriprise are among those outperforming their benchmark, while Oppenheimer Holdings is down by double digits

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Finra bars recently fired UBS Miami broker

Sep 13, 2017

Lorenzo C. Esteva was fired earlier this summer for giving clients documents with false account information

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Advisor Group broker-dealer gets new CEO

Sep 13, 2017

Derek Burke replacing Jerry Murphy as president of firm


Jailed broker Mark David Holt loses $477,000 Finra arbitration

Sep 12, 2017

The case is the latest setback for Mr. Holt, a former attorney who has been disbarred, thrown out of the securities industry and is currently serving a 10-year prison term


Florida-based broker-dealers flee Irma, setting up operations out-of-state

Sep 11, 2017

Raymond James activates back-up offices in Memphis, Detroit and Denver, while Kovack Securities chartered jet to fly staff to New Orleans


With TD Ameritrade about to acquire Scottrade, Tom Bradley is out

Sep 8, 2017

Company felt it needed a top manager from Scottrade in merged company

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