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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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.

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.

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.

RIA 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.

INDEPENDENT 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.

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.

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.

REGULATION AND LEGISLATION MAY 17, 2009
Lawsuits against Fisher Investments may lead to other adviser litigation

If legal action against Fisher Investments is any indication, financial advisers increasingly will face lawsuits and arbitration claims from clients who are angry about investment losses.

RIA NEWS MAY 15, 2009
Boffo recruiting fuels LPL's strong first quarter

On the back of strong recruiting and the ability to attract new clients, LPL Investment Holdings Inc. of Boston has reported net income of $14.8 million for the first three months of this year — an increase of 26.8% over the same period in 2008.

Couple slaps a feisty Ken Fisher with $1.2M arbitration claim
REGULATION AND LEGISLATION MAY 12, 2009
Couple slaps a feisty Ken Fisher with $1.2M arbitration claim

Fisher Investments, one of the country’s most noted investment advisory firms, has been tagged with a $1.2 million arbitration claim, alleging that it failed to live up to its fiduciary duty during the recent calamitous market meltdown.