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 3134 results
Principal client wins $7 million claim involving annuities
NEWS BROKER DEALERS JUN 10, 2024
Principal client wins $7 million claim involving annuities

'The evidence further reflected a pattern of churning,' one executive said about the case.

GPB top executives’ criminal trial to start Monday
INVESTING ALTERNATIVES JUN 07, 2024
GPB top executives’ criminal trial to start Monday

'The GPB case is bewildering,' says one senior brokerage executive.

'Ponzi schemes are done in the open by bad people'
NEWS BROKER DEALERS JUN 06, 2024
'Ponzi schemes are done in the open by bad people'

SEC bars advisors who worked with Georgia Ponzi broker.

KKR REIT makes moves to prop up its NAV
INVESTING ALTERNATIVES JUN 05, 2024
KKR REIT makes moves to prop up its NAV

'What KKR is doing is a bold move that favors the investor,' one senior industry executive says.

CEO of David Lerner faces Finra investigation over product sales
INVESTING ALTERNATIVES JUN 04, 2024
CEO of David Lerner faces Finra investigation over product sales

'For a CEO to be investigated by Finra is a pretty serious red flag, traditionally,' says one attorney.

Financial fumble or touchdown for NFL Players Association?
NEWS INDUSTRY NEWS JUN 04, 2024
Financial fumble or touchdown for NFL Players Association?

The NFLPA has shifted its focus from union-vetted individual advisors to powerhouse financial institutions, but is it helping the players in our ‘modern-day blood sport’.

Morgan Stanley loses another deferred comp claim to ex-advisors
NEWS BROKER DEALERS JUN 03, 2024
Morgan Stanley loses another deferred comp claim to ex-advisors

Financial advisors are using ERISA to argue they are owed deferred compensation.

SEC bars former advisor, crypto trader
INVESTING ALTERNATIVES MAY 31, 2024
SEC bars former advisor, crypto trader

'Brokerage firms must broaden their horizons about what’s under scrutiny by regulators and what isn’t,' one compliance executive says.

High-risk alts burn client in $1.2 million arbitration
INVESTING ALTERNATIVES MAY 30, 2024
High-risk alts burn client in $1.2 million arbitration

'The positive thing about this award is that it is roughly 10 times the net out of pocket losses to the client,' says the client's attorney.

Merrill data bungle hits Walmart 401(k) plan
YOUR PRACTICE FINTECH MAY 28, 2024
Merrill data bungle hits Walmart 401(k) plan

'We're hearing more horror stories' about clients becoming targets after a data breach, one attorney says.