AUTHORS

Bruce Kelly

Bruce is Senior Columnist for InvestmentNews, a leading publication for financial advisors and the wealth management industry.

An award-winning journalist, Bruce’s career at InvestmentNews began in 2000, two years after the launch of the newspaper. He has covered the brokerage industry ever since, focusing on financial advisors’ pay, the products they sell, and the firms on and off Wall Street where they work.

His reporting in the financial crisis 2008 and thereafter shed light on the many shortcomings of the financial advice industry, from weak regulation to the collapse of many broker-dealers.

Bruce writes an award-winning column, On Advice, and his daily breaking news reports give clarity and insight into what’s happening behind closed doors at the largest brokerage firms in the country.

Before becoming a journalist, Bruce taught middle school and high school English in Manhattan and Caracas, Venezuela, for a decade. He is the co-author of a 2010 book, “Financial Serial Killers,” and has two children.

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INDEPENDENT BROKER DEALERS DEC 14, 2016

Tom James to step down as chairman of Raymond James early next year

Mr. James has long been involved in leadership roles at the broker-dealer his father founded in 1962.

INDEPENDENT BROKER DEALERS DEC 14, 2016

Wells Fargo financial adviser with $350 million in assets skips to Raymond James

The Denver area practice will operate as First Avenue Wealth Partners.

PRACTICE MANAGEMENT DEC 13, 2016

LPL sued by Galvin over top producer's alleged variable annuity abuses

Massachusetts' William Galvin charged the nation's largest independent B-D with failing to supervise a top-producing broker who allegedly committed fraud in selling unsuitable VAs.

INDEPENDENT BROKER DEALERS DEC 12, 2016

Wells Fargo's FiNet snags two Morgan Stanley advisers with $243 million in client assets

REGULATION, LEGAL & COMPLIANCE DEC 12, 2016

Financial adviser pleads guilty to theft of more than $1.6 million

Admits to stealing money from a family's trusts that he was managing and using it for personal expenses. (Related read: <a href="//www.investmentnews.com/article/20160519/FREE/160519910/massachusetts-investment-adviser-gregg-caplitz-sentenced-to-prison"" target=""_blank"" rel="noopener noreferrer">Massachusetts investment adviser Gregg Caplitz sentenced to prison for fraud, SEC says </a>)

PRACTICE MANAGEMENT DEC 09, 2016

Ex-J.P. Turner broker accused of excessive trading in elderly client's account barred by Finra

The regulator said Anthony Mastroianni Jr. churned an elderly client's account at two different brokerages.

WIREHOUSES DEC 07, 2016

Merrill Lynch to pay $7.03 million in Finra case for inadequacies in leveraging customer brokerage accounts

Finra settlement also includes $780,000 in restitution to 22 clients who borrowed against their accounts to invest in Puerto Rico securities. (More: <a href="http://www.investmentnews.com/article/20161003/FREE/161009993/massachusetts-charges-morgan-stanley-over-unethical-sales-contest""" target=""_blank"" rel="noopener noreferrer">Massachusetts charges Morgan Stanley over unethical sales contest</a>)

INDEPENDENT BROKER DEALERS DEC 05, 2016

Star broker, Ron Carson, is leaving LPL to jump to Cetera

Taking $2.6 billion in assets with him, Carson is second prominent adviser to leave LPL this month. (More: <a href=""" target=""_blank"" rel="noopener noreferrer">Carson on why we're on the eve of massive disruption in financial services</a>)