Continuing to raise capital, National Holdings Corp. is selling part of one of its broker-dealers to a Native American tribe interested in buying stakes in the securities business.
The Financial Industry Regulatory Authority Inc. is actively investigating broker-dealer underwriters of subprime securities, a Finra official said this morning at the regulator's national conference in Baltimore.
LPL Investment Holdings Inc. last week said that it has sealed the deal with the executive who has overseen the company's growth and its march to an IPO.
Until now, Ameriprise has confined its reps to selling the firm's own proprietary VA investments.
Earlier this week, Massachusetts Secretary of the Commonwealth William Galvin sent subpoenas to six firms, requesting info on high-risk offerings. Execs at several of the firms still aren't exactly sure why they were contacted
In an age of automation, broker-dealers interested in alternative investments -- hedge funds, LLPs,, non-traded REITs and the like -- still rely on phone calls and faxes to conduct transactions. A new platform could change all that.
Plying a path that sometimes has proven perilous, DeWaay Financial is staking its claim in the marketplace by offering financial advisers and their wealthy clients access to high-stakes private-equity, venture-capital and investment-banking deals.
The SEC charges of fraud against Goldman Sachs & Co. are giving renewed hope to financial advisers who want the fiduciary standard included in financial-reform legislation pending in Congress.
Regulator charged McGinn Smith with “misusing” investors' funds in the sale of $89 million in private notes
Colorado regulators alleged that Mr. Guyette sold private placements to a number of investors with whom he did not have a substantial prior relationship.
