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.
Montana's commissioner of securities and insurance has sued Securities America over the sale of failed private placements, making it the second state to target the broker-dealer for selling the risky investments.
Nagengast tapped to replace McWhorter; Massachusetts suing firm over sale of private placements
Talk about a wrong number. Cold-calling stockbrokers, apparently unaware of whom they were dialing, reached regulators at…
A raft of smaller firms closed as shrinking capital and costly lawsuits took a devastating toll. 'Nothing has ever come close to the carnage that's occurred in our industry." says one longtime adviser.
Company commences coverage of the newly listed B-D with a 'sell' rating
Looking to diversify and raise cash to pay taxes, big-producing and long-tenured advisers affiliated with LPL dumped shares and cashed out during the company's initial public offering this month.
Voter backlash could preserve indie reps' employment status
Arbitration woes knock Kentucky-based firm out of the business
The tight credit market, coupled with lower trading volume, is forcing more small broker-dealers to close or merge…
In what has become an all-too-familiar scene, another broker-dealer has received a cease-business letter for failing to have sufficient capital on hand.
