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
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ALTERNATIVES JUN 21, 2017
Brian Block's lawyer portrays prosecution witness as a liar

Lisa McAlister acknowledges she has lied before, but asserts she's telling the truth now.

REGULATION, LEGAL & COMPLIANCE JUN 17, 2017
ARCP's accounting takes center stage at Brian Block's fraud trial

Former exec says he repeatedly warned of accounting mistakes in REIT financials

ALTERNATIVES JUN 16, 2017
W.P. Carey exiting the nontraded REIT business

With regulations and other factors changing the marketplace, the publicly traded REIT will focus on its core business in the net lease market.

ALTERNATIVES JUN 16, 2017
Defense hits key government witness in Brian Block fraud trial

Attorney questions why Ryan Steel didn't raise accounting concerns with firm's auditor or law firm.

ALTERNATIVES JUN 15, 2017
Accounting at ARCP center of fraud charges against Brian Block

A former high-ranking executive testified that he repeatedly raised warnings of an accounting error at the real estate investment trust.

ALTERNATIVES JUN 14, 2017
Trial begins for former CFO of ARCP, Brian Block

Mr. Block last year pleaded not guilty to charges, including conspiracy and securities fraud, stemming from accounting at the REIT once controlled by Nicholas Schorsch.

REGULATION, LEGAL & COMPLIANCE JUN 06, 2017
Ameriprise slashes number of funds available to advisers ahead of DOL fiduciary rule

The firm is cutting more than 1,500 funds that no longer meet its due diligence standards.

WIREHOUSES JUN 02, 2017
Morgan Stanley overhauls senior leadership in its wealth management unit

The firm has created a new role, head of the field, and eliminated division-level leadership positions

WIREHOUSES JUN 02, 2017
UBS latest to shift broker compensation ahead of DOL fiduciary rule

Brokers will be paid a flat rate based on clients' retirement assets, not transactions.

PRACTICE MANAGEMENT JUN 01, 2017
Are brokers really ready to be fiduciaries?

The securities industry faces plenty of legal risks and compliance pitfalls following June 9, the official start date for the DOL fiduciary rule. <b>Plus,<a href=&quot;http://www.investmentnews.com/gallery/20170523/FREE/523009998/PH/dol-fiduciary-rule-what-you-need-to-know-about-acostas-decision&quot; style=&quot;color:#b10816&quot; target=&quot;_blank&quot;> what you need to know from the DOL's latest FAQs</a>.</b>