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 3261 results
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.

PRACTICE MANAGEMENT NOV 29, 2009
Ex-Wall Street brokers choose new beat: NYPD

They used to ride desks and flog stocks, but now some Wall Street refugees are choosing to walk a beat and chase bad guys.

INDEPENDENT BROKER DEALERS NOV 29, 2009
As it sues Pac Life, LPL moves to reassure its reps

At the same time that LPL Holdings Inc. and the three broker-dealers it bought from Pacific Life Insurance Co. were filing suit against the insurer, LPL was reaching out to its advisers to reassure them that the dispute wouldn't affect their businesses.

RIA NEWS NOV 23, 2009
Ex-Wall Street brokers choose new beat: NYPD

They used to ride desks and flog stocks, but now some Wall Street refugees are choosing to walk a beat and chase bad guys.

REGULATION AND LEGISLATION NOV 23, 2009
In B-D deals, it's impossible to know what lies beneath

The dispute between LPL Investment Holdings Inc. and Pacific Life Insurance Co. over liability for rogue brokers is a reminder that unseen risks can be part of any acquisition, no matter how well-vetted, according to lawyers and investment bankers.

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.

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.

RIA 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.