Buyer of Securities America offers carrot to the unit's brokers to entice them to stick; 'most of the advisers will stay put'
A federal judge's approval this month of a class action settlement is good news for representatives from Securities America Inc. whose disgruntled clients named them in arbitration complaints over sales of private placements that went bust.
In its quarterly report yesterday, LPL revealed news that definitely makes a splash: It's paying $27 million for the assets of National Retirement Partners Inc. The broker-dealer announced the acquisition last month.
National Retirement Partners Inc. was ordered to pay a $2 million arbitration award to two former financial advisers who were let go by the firm after it bought their practice.
LPL Investment Holdings Inc. is acquiring National Retirement Partners, a San Juan Capistrano, Calif.-based broker-dealer that specializes in retirement plans
He used to be known as the charming, affable “Uncle Stan” of Brookstreet Securities Inc., the independent broker-dealer he built. Now, he's facing charges of securities fraud.
The Securities and Exchange Commission today charged 10 brokers who worked for the former Brookstreet Securities Corp. of Irvine, Calif., with fraud.
Charles Schwab & Co. Inc. is likely to lose this week when a California federal judge hears a motion appealing a ruling in a class action that, if left standing, would give mutual fund investors a new line of attack against underperforming funds, fund industry attorneys said.
The five registered representatives who filed a $36 million arbitration claim against National Financial Services LLC, a giant in the clearing industry and business unit of Fidelity Investments, face a daunting task to win their claim, according to industry attorneys.
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.
Schwab's bundled 401(k), Index Advantage, will offer 40 low-cost funds covering about 16 asset classes
Consumer Reports sheds light on what investors think of the nine largest discount brokerages.
UBS AG announced the hiring of a top-producing three-man team from Bank of America Merrill Lynch today.
The uncertainty in Europe has pushed the Forester Value Fund Ticker:(FVALX) into a defensive mode, but that's far from sitting on the sidelines, according to Tom Forester.
Warren Buffett, the billionaire investor who has highlighted his record of beating the market when stocks languish, oversaw a decline last year as the Standard & Poor's 500 Index ended unchanged.
After regaining the House majority in last year's elections, Republicans haven't been shy about raising their newfound voices.
Finra chief executive Richard Ketchum has a lot on his plate — a situation for which he has no one to blame but himself.
The financial services industry may have thought it notched a win when Assistant Labor Secretary Phyllis Borzi pulled a proposed regulation that would have expanded the definition of “fiduciary” when giving advice to a retirement plan.
Industry-sponsored research says cost to firms would skyrocket if SEC is replaced by SRO
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
