After incurring a 'signficant loss' in 2011, Finra plans to raise a number of user fees. How big a hit will B-Ds take? The hikes will range anywhere from 5% to 50%.
Although 2011 offered its share of challenges, independent broker-dealers were still able to rack up solid gains.
For independent broker-dealers, 2011 was a challenge. Mounting technology costs, intense scrutiny and new rules from securities regulators were compounded by record low interest rates, which decimated returns on once-lucrative activities such as margin lending and holding clients' cash.
LPL's special dividend will be payable May 25 and will be followed by a regular quarterly dividend starting at 12 cents per share.
A financial adviser has inserted himself into the tension between the Occupy Wall Street protesters and The Goldman Sachs Group Inc. over sponsorship of a fundraising dinner next month for a New York-based credit union that mainly serves the poor.
The Charles Schwab Corp. has opened its newest franchised branch office, this one in Windermere, Fla., near Orlando.
Elderly couple awarded $1.4M for claim over tenant-in-common exchanges; were seeking $8M
Company sold $900 million of stock and its Morgan Keegan brokerage for about $1.2 billion to help repay the bailout
Independent Financial Partners aims to push recruitment this year — and add $30 million in GDC
Hiring expenses rose as indie B-D attracted 408 net new advisers in past year; 'elevating our expectation'
Mark Casady reveals reasons for recent changes at indie B-D
LPL Financial LLC isn't alone in charging registered representatives and financial advisers a flat fee for doing business with the firm
The Financial Services Institute Inc. is planning to finance its beefed-up lobbying efforts with big dues increases to its broker-dealer member firms.
This week, when Ric Edelman revealed that he plans to wind down his independent contractor business, he labeled the model 'severely flawed', and stirred up - not surprisingly - a good deal of conversation across the industry.
Duo leave ahead of merger with Raymond James; 'wouldn't have left in a million years'
Morgan Keegan, the brokerage being sold to Raymond James Financial Corp., lost its bid to be dismissed from an $8 billion lawsuit brought by Canadian insurer Fairfax Financial Holdings Ltd.
