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.
Last dance for Florida firm that hawked Provident Reg D offering; lawyer claims Finra was the bigger problem, however
The latest: First Allied purchased by Lovell Minnick Partners and brokerage's management team
Murphy previously served as EVP at AIG's Advisor Group; Schlafly resigned suddenly in March
Several current and former National Football League players recently have found themselves ensnared in alleged Ponzi schemes or legal battles over failed investments
For the past 10 years, executives at the largest independent broker-dealers have been predicting a tide of consolidation, with economics forcing smaller firms to shut down or sell out to bigger firms.
Recruiting will become more expensive in 2011 as the fight for top advisers heats up among independent broker-dealers looking to bounce back from a lackluster 2010.
Independent broker-dealers and their representatives are contending with the potentially thorny issue of re-pricing shares of nontraded REITs — illiquid, long-term investments in commercial real estate
Raymond James Financial Inc. could face a loss of $25 million to $50 million if it has to buy back distressed auction-rate securities from clients immediately
Just as financial advisers are embracing alternative investments as a way to generate income for clients, their chief regulator is warning them of the perils of one such type of offering: structured products
Regulator hits Workman Securities with $700K fine; also sanctions execs at other firms that sold several soured private placements
