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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RETIREMENT LIFE INSURANCE AND ANNUITIES JUN 21, 2009
Not such a bad gig

“I don't give a damn 'bout my bad reputation!” rock 'n' roll icon Joan Jett sang in 1981.

INVESTING ALTERNATIVES JUN 14, 2009
Arbitration settlement lands in insurer's lap

A sprawling case of alleged securities fraud involving an independent broker-dealer and two brokers may wind up costing an insurance company $10.3 million.

YOUR PRACTICE PRACTICE MANAGEMENT JUN 14, 2009
Ex-NAPFA exec allegedly took $1.24M in kickbacks

Advisers who are members of NAPFA had a range of thoughts and reactions to the news that the SEC last month charged a past president of the organization with taking kickbacks related to unregistered investment pools his firm managed.

NEWS REGULATION AND LEGISLATION JUN 11, 2009
Woodbury Financial settles with regulators over adviser background checks

As part of a settlement last month with securities regulators in Arizona, Woodbury Financial Services Inc. agreed to tighten its policy of looking into the financial backgrounds of their 1,750 reps and advisers.

NEWS REGULATION AND LEGISLATION JUN 07, 2009
Finra may boost enforcement actions in 2009

Finra may have given broker-dealers and registered representatives a reprieve of sorts last year as the amount in fines and enforcement actions it levied against firms plummeted.

NEWS REGULATION AND LEGISLATION JUN 07, 2009
Woodbury to pry into the finances of reps, spouses

Independent registered representatives and their spouses soon could face unprecedented scrutiny into their personal finances.

NEWS INDUSTRY NEWS JUN 03, 2009
Finra brought fewer enforcement actions in '08; fines against individuals fell as well

As the stock market plummeted in 2008 and chaos reigned on Wall Street, Finra regulators found less reason to levy fines and enforcement actions against broker-dealers and their registered reps, according to a study.

NEWS BROKER DEALERS MAY 31, 2009
Raymond James buys Lane Berry investment bank

Raymond James Financial Inc. has acquired a boutique investment bank to expand its reach in that business, following through on plans to scoop up acquisitions in the troubled market.

NEWS REGULATION AND LEGISLATION MAY 31, 2009
Broker-dealer costs likely to rise if Senate arbitration bill passes

Broker-dealers may face higher costs connected with customer disputes if revised legislation that would do away with mandatory securities arbitration passes both houses of Congress and is signed into law.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAY 24, 2009
Though barred, rogue brokers often find work

Keeping track of rogue brokers is a tricky business, particularly when they leave or are booted from the confines of the securities industry, but keep peddling financial products.