Bruce Kelly

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.

Bruce Kelly
Displaying 3209 results
No new trial for convicted GPB Capital executives
INVESTING ALTERNATIVES MAR 14, 2025
No new trial for convicted GPB Capital executives

"I've seen lots of denial in this business but this GPB thing take the cake," says one industry executive.

Is FINRA on the ropes?
NEWS REGULATION AND LEGISLATION MAR 13, 2025
Is FINRA on the ropes?

The current legal battle with a broker-dealer, Alpine Securities, is the latest challenge for the industry regulator.

Citing 'egregious conduct,' Finra panel awards Stifel clients a stunning $132.5 million
YOUR PRACTICE PRACTICE MANAGEMENT MAR 13, 2025
Citing 'egregious conduct,' Finra panel awards Stifel clients a stunning $132.5 million

“The arbitration panel really threw the book at Stifel,” according to one plaintiff’s attorney.

Weak-minded financial advice industry bids adieu to diversity work
NEWS OPINION MAR 12, 2025
Weak-minded financial advice industry bids adieu to diversity work

The wealth management business has fallen in line with President Trump's anti-DEI stance, and it’s appalling.

B. Riley spins off investment bank.
NEWS BROKER DEALERS MAR 12, 2025
B. Riley spins off investment bank.

The share price of B. Riley financial has plummeted 78.5% over the past year.

GWG bankruptcy settlement leaves investors with next to nothing
INVESTING ALTERNATIVES MAR 11, 2025
GWG bankruptcy settlement leaves investors with next to nothing

Beneficient, an alternative investment company and formerly a part of GWG, has offered $50.5 million to settle claims related to federal lawsuits.

Finra not folding its tent any time soon: attorney
NEWS BROKER DEALERS MAR 11, 2025
Finra not folding its tent any time soon: attorney

Meanwhile, Finra’s fines against the brokerage industry declined in 2024.

Finra moves to bar ex-Wells Fargo employee charged with identity theft
NEWS WIREHOUSES MAR 07, 2025
Finra moves to bar ex-Wells Fargo employee charged with identity theft

Calvin Gray repeatedly impersonated victims who were customers of a number of other banks and financial institutions, according to a federal indictment.

Commonwealth loses $3.5 million fight over top advisors from Edward Jones
NEWS BROKER DEALERS MAR 06, 2025
Commonwealth loses $3.5 million fight over top advisors from Edward Jones

The large award comes at a time when the wealth management industry is seeing leading firms sue each other over recruiting each other’s financial advisors.

GPB paid convicted top executives legal fees of $75M
INVESTING ALTERNATIVES MAR 05, 2025
GPB paid convicted top executives legal fees of $75M

And GPB founder David Gentile and ex-broker-dealer chief Jeff Schneider want the company to continue paying legal expenses.