Another small broker-dealer is closing its doors due to not having enough capital on hand to meet industry rules to remain open for business — <a href =http://www.investmentnews.com/apps/pbcs.dll/section?category=specialreporttemplate&issuedate=20100616&sid=bddown>at least the seventh B-D to shut down this year</a>.
In what has become an all-too-familiar scene, another broker-dealer has received a cease-business letter for failing to have sufficient capital on hand.
Business groups, Republicans vow to dismantle the provision, piece by piece
The number of arbitration claims filed with the Financial Industry Regulatory Authority Inc. seeking repayment of forgivable loans from brokers who quit has more than doubled in the past two years.
When it comes to slimming budgetary excesses, Americans apparently don't subscribe to 'no pain, no gain'
There are just 450 advisers 'approved' to work with NFL players, fighting it out over 1,800 athletes in the league. But now, Dana Hammonds, director of financial programs and adviser administration for the NFLPA, said the players' union will craft new rules that advisers must meet to get on that carefully vetted list.
Who will be the movers and shakers affecting the financial services industry in 2011?
BAM Advisor Services LLC, a turnkey asset management program, announced today that it is buying Advisors Access, a provider of 401(k) plans, from Capital Directions LLC, an advisory firm.
The Financial Industry Regulatory Authority is revamping how it scans for abuses such as insider trading, responding to increased fragmentation of markets, Chief Executive Officer Richard Ketchum said today.
Client 360 has been officially reborn.
