Edward Jones is launching a proprietary fund. The bigger question is why?
Nicholas Schorsch and RCS Capital Corp. continue their blistering pace of broker-dealer acquisitions, announcing the acquisition of Summit Financial Services Group Inc. for $49 million in cash and stock.
John Thomas Financial pulls its registration with Finra; downfall months in the making
IBDs are racking up a bonanza of commission dollars and marketing cash from the sale of alternative investments, namely nontraded REITs. <i>IN</i> senior columnist Bruce Kelly on whether the firms have learned from the sale of fraudulent private placements several years ago.
As the rules of the game change, some give up, others double down.
In a letter to B-D execs, Leo Wells said his real estate investment company has halted any further offerings. The reason? Lack of regulatory 'clarity.'
Investment strategist James Paulsen of Wells Capital Management asks whether it is time for investors to shift their historic perceptions of the potential long-term performance of stocks in light of the past 25 years of performance.
Adviser to the stars Bambi Holzer is facing the wrath of regulators for allegedly lying to one of her former firms when she sold preferred shares of Provident Royalties in 2008. Her BrokerCheck report is one for the ages.
Finra on Wednesday ordered midsize independent broker-dealer J.P Turner & Co. to pay more than $700,000 in restitution to clients who complained about unsuitable sales of leveraged and inverse exchange-traded funds and excessive mutual fund switching by one registered representative.
