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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NEWS REGULATION AND LEGISLATION NOV 23, 2009
Pacific Life takes a punch at LPL over potentially millions in lawsuits

<a href= http://www.investmentnews.com/apps/pbcs.dll/section?Category=Topic&amp;keywordid=261&amp;keywordname=LPL%20Financial>LPL Investment Holdings Inc. </a>and Pacific Life Insurance Co. are staring each other down over which firm will have to pony up the potentially millions of dollars in claims stemming from fraud suits against a rogue broker from one of the three independent-contractor firms LPL acquired from Pac Life two years ago.

NEWS REGULATION AND LEGISLATION NOV 23, 2009
Ex-GunnAllen, Ameriprise broker could serve 23 years in prison

A former GunnAllen Financial Inc. and Ameriprise Financial Services Inc. broker pleaded guilty this month to two federal charges, one of mail fraud and the other of filing a false tax return, and he faces up to 23 years in prison when he is sentenced in September.

NEWS INDUSTRY NEWS NOV 22, 2009
LPL suit: Pac Life ducking liability for rogue brokers

<a href=http://www.investmentnews.com/apps/pbcs.dll/section?Category=Topic&amp;keywordid=261&amp;keywordname=LPL%20Financial> LPL Holdings Inc. </a>and three broker-dealer subsidiaries have sued Pacific Life Insurance Co., claiming the latter is in breach of contract and trying to duck paying potentially millions of dollars of settlements and awards stemming from rogue brokers.

NEWS INDUSTRY NEWS NOV 22, 2009
National Planning grabs 65 reps and $750M from Main Street

National Planning Corp. is scooping up the representatives and assets of Main Street Securities LLC, which is closing down its broker-dealer operations to join NPC.

YOUR PRACTICE PRACTICE MANAGEMENT NOV 18, 2009
88-year-old woman wins $1.1M claim against William Blair, ex-brokers

William Blair &amp; Co. LLC and two ex-brokers at the firm have been socked with a $1.1 million arbitration decision that centered on two brokers' setting up a phony e-mail address where they sent statements from the brokerage account of an 88-year-old widow.

NEWS INDUSTRY NEWS NOV 16, 2009
National Planning takes on 65 reps and $750M from Main Street

National Planning Corp. Inc. is scooping up the reps and assets of Main Street Securities LLC, which is closing down its broker-dealer operations to join NPC.

YOUR PRACTICE PRACTICE MANAGEMENT NOV 15, 2009
LPL continues to make gains in recruiting

LPL Investment Holdings Inc. continues to recruit heavily this year.

INVESTING FIXED INCOME NOV 13, 2009
Legal expenses piling up at Morgan Keegan

Company says legal tab in 2009 equaled 12% of revenue; crashed bond funds to blame

YOUR PRACTICE PRACTICE MANAGEMENT NOV 08, 2009
Ameriprise, hot off a hiring frenzy, rebuilds recruiting staff

After recruiting some 500 representatives so far this year, Ameriprise Financial Inc. is gutting and rebuilding its recruiting staff as part of an effort to bring in more independent reps.

NEWS BROKER DEALERS NOV 08, 2009
Ex-PaineWebber chief Don Marron snares ING B-Ds

After months of pursuit, Donald Marron finally has landed a broker-dealer network, and the former chairman and chief executive of PaineWebber Group Inc. can't think more highly of its potential.