Independent Broker Dealers

Displaying 2887 results
INDEPENDENT BROKER DEALERS JAN 06, 2012
Brookstreet clients, counting losses, ponder arbitrations

The collapse of Brookstreet Securities Corp. last month is likely to spawn dozens of arbitration claims from investors facing losses that, in some cases, run into the millions, according to one plaintiff’s attorney familiar with the matter.

By Bloomberg
INDEPENDENT BROKER DEALERS JAN 04, 2012
Indie status of reps in Calif. could have wide implications

A battle in California over whether representatives at two broker-dealers are employees or independent contractors could have far-reaching implications at independent broker-dealers across the country

By Darla Mercado
INDEPENDENT BROKER DEALERS JAN 04, 2012
Sterne Agee seen continuing push in indie B-D market

The independent-contractor-brokerage industry continues to see consolidation.

By Bruce Kelly
INDEPENDENT BROKER DEALERS JAN 04, 2012
Legent Clearing about to be bought?

Rumors are swirling that Legent Clearing LLC is about to be bought by private-equity investors — just months after a previous attempt to buy the firm failed.

By Jessica Toonkel
INDEPENDENT BROKER DEALERS JAN 01, 2012
Indie stars dim on small B-D future

This year has meant big changes for some superstar financial advisers, with the latest, Ric Edelman, expressing his deep displeasure with the economics of the independent-brokerage business

By Bruce Kelly
INDEPENDENT BROKER DEALERS JAN 01, 2012
Advisor Group's Larry Roth: Communicating a common vision

Larry Roth is chief executive of Advisor Group, the independent-broker-dealer subsidiary of American International Group Inc. In that role, he oversees more than 600 employees who serve 4,800 financial advisers affiliated with FSC Securities Corp., Royal Alliance Associates Inc. and SagePoint Financial Inc.

By Frederick P. Gabriel Jr.
INDEPENDENT BROKER DEALERS DEC 30, 2011
Capital Analysts bought by Lincoln Investment Planning

Western & Southern Financial Group yesterday said it had sold the assets of its independent broker-dealer, Capital Analysts Inc., to Lincoln Investment Planning Inc.

By Bloomberg
INDEPENDENT BROKER DEALERS DEC 25, 2011
Private-equity firm's spending spree continues

COR Securities agrees to buy clearing firm, makes offer for holding company of two indie B-Ds

By Bruce Kelly
FINTECH DEC 18, 2011
Darren Tedesco: Driving Commonwealth's 'intuitive' tech

No matter how you slice the data, Commonwealth Financial Network LLP comes out as one of the top independent broker-dealers in the nation — and a big part of that success has been its technology.

By Davis Janowski
INDEPENDENT BROKER DEALERS DEC 15, 2011
Will broker-dealer consolidation continue in 2012?

Facing tremendous economic pressure and regulatory hurdles, small and midsize broker-dealers will continue to close, leaving hundreds and perhaps thousands of registered representatives and investment advisers seeking new homes for their books of business next year, executives and consultants said.

By Bruce Kelly
INDEPENDENT BROKER DEALERS DEC 11, 2011
Peter Schiff's Rx for the B-D biz: Get rid of Finra and SEC

Peter Schiff, CEO and strategist for Euro Pacific Capital, stopped by the <i>InvestmentNews</i> offices for a chat with Deputy Editor Evan Cooper - and Mr. Schiff offers some pointed views on regulation of brokers and advisers.

By Mark Bruno
INDEPENDENT BROKER DEALERS NOV 29, 2011
Occupy Wall Street protester finds occupation on Wall St.

An independent broker-dealer has taken a flyer on an Occupy Wall Street protester.

By Bruce Kelly
IRS gives B-Ds a chance to come clean on classifying employees
INDEPENDENT BROKER DEALERS NOV 15, 2011
IRS gives B-Ds a chance to come clean on classifying employees

The IRS is giving broker-dealers a chance to come clean on classifying independent contractors, but firms that fess up will take on the increased cost of following the letter of the law.

By Darla Mercado
RIA NEWS NOV 15, 2011
California backs off on tough provisions in proposed law for independent contractors

A bill in California bill that would punish firms for misclassifying employees as independent contractors was amended to lighten the compliance burden for broker-dealers.

By Darla Mercado
INDEPENDENT BROKER DEALERS NOV 06, 2011
UL reserve requirements catch eye of regulators

State regulators have signaled a push for recalculating reserve requirements on a certain type of universal-life insurance, a change that could lead to higher costs for policyholders, as well as fewer insurers' selling the product

By Darla Mercado
ALTERNATIVES NOV 03, 2011
Indies cut back on some REITs to lessen risk

As sponsors of nontraded real estate investment trusts continue their full-court press on sales, some independent broker-dealers are dialing back their level of risk and have cut back, or are considering reducing, the number of REIT products they allow their representatives to sell

By Bruce Kelly
INDEPENDENT BROKER DEALERS OCT 27, 2011
Double-dip threat has passed: RJ strategist

Don't worry about a double dip, says Raymond James' chief investment strategist Jeff Saut.

By Dan Jamieson
INDEPENDENT BROKER DEALERS OCT 27, 2011
IRS offers a pass on misclassified indie contractors

Broker-dealers now have a low-cost way to clear their slate with the IRS if they have been misclassifying employees as independent contractors

By Darla Mercado
Securities America reps more secure after 'transformational acquisition'
INDEPENDENT BROKER DEALERS OCT 18, 2011
Securities America reps more secure after 'transformational acquisition'

Rumors have been swirling for months about who would acquire Securities America, the embattled broker-dealer. On Wednesday, the guessing-game ended, as parent Ameriprise sold the B-D to Ladenburg Thalmann.

By Bloomberg
INDEPENDENT BROKER DEALERS OCT 18, 2011
Indie broker-dealer says Reg D sales could drive it under

Another independent broker-dealer that sold high-risk private placements is hanging on by a thread, with the firm's management stating grave concerns about the broker-dealer's future

By Bruce Kelly