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
Displaying 3268 results
Warring wirehouses  add fuel to hiring fire
PRACTICE MANAGEMENT DEC 15, 2009
Warring wirehouses add fuel to hiring fire

The broker recruiting wars are heating up, with wirehouses jacking up their offers to new heights to lure more representatives in 2010.

REGULATION AND LEGISLATION DEC 13, 2009
At the helm in stormy seas

A leading securities regulator for the lion's share of his career, Finra chairman and chief executive Richard Ketchum is poised to oversee one of the most significant day-to-day changes most registered representatives will ever experience.

WIREHOUSES DEC 11, 2009
Merrill Lynch and Morgan Stanley Smith Barney go toe-to-toe for top brokers

The broker recruiting wars are heating up, with wirehouses jacking up their offers to new heights to lure more representatives in 2010.

PRACTICE MANAGEMENT DEC 09, 2009
Morgan Stanley Smith Barney pumps up recruiting packages to lure top producers

Morgan Stanley Smith Barney LLC is entering into the recruiting wars with its guns blazing and is creating a potential pay package for new advisers that will match that of its rival Merrill Lynch & Co Inc.'s Global Wealth Management unit.

REGULATION AND LEGISLATION DEC 07, 2009
Wells Fargo and Bank of New York Mellon sued over role in Medical Capital 'scam'

The two trustees of Medical Capital Holdings Inc.'s private placements, Wells Fargo & Co. and The Bank of New York Mellon Corp., have been sued by investors seeking class action status.

REGULATION AND LEGISLATION DEC 06, 2009
Ex-First Allied rep to fight SEC churning charges

A rep formerly affiliated with First Allied Securities Inc. says he will fight SEC charges that he churned client accounts and made unauthorized and unsuitable trades for two institutional clients, resulting in commissions of $14.2 million.

INDEPENDENT BROKER DEALERS DEC 06, 2009
John Sykes quits Gunn-Allen board

The sudden resignation last week of John Sykes, chairman of GunnAllen Holdings Inc., has raised questions about the future of the company and its broker-dealer, GunnAllen Financial Inc.

REGULATION AND LEGISLATION DEC 01, 2009
Individual adviser faces class action over private placements

In an apparent first, a registered representative and his individual practice have been sued in a potential class action stemming from oil-and-gas private placements that the SEC claims were fraudulent.

ALTERNATIVES DEC 01, 2009
Non-traded REITs may hurt indie B-Ds

The real estate boom and bust is hanging over many independent broker-dealers and their financial advisers as the market for non-traded REITs soured this year.

REGULATION AND LEGISLATION DEC 01, 2009
Securities America advisers hawked private placements, suit claims

Financial advisers with Securities America Inc. continued to sell offerings of allegedly faulty private placements after an executive at the firm sounded the alarm bell about the deals last year, according to a recently filed lawsuit.