Displaying 187 results
Edward Jones’ success may lead to trouble
With regulators cracking heads over sales of proprietary products, could the overwhelming success of Edward Jones' Bridge Builder program be a problem?
LPL’s Casady could be on the hot seat
Activist investor Marcato could demand more of a say in how the company is run in effort to boost its stock price.
A different kind of goal: Three business lessons from the hockey rink
Wayne Gretzky's famous quote: “I skate to where the puck is going to be, not to where it has been” is not the only insight advisers can use in their business.
Spike in Finra, SEC regulation leaves star brokers exposed
Long treated with kid gloves, big producers now face questions about alleged violations.
SEC says phony adviser is ripping off members of the military
The latest pretend adviser to emerge, Leroy Brown Jr., may win a grand prize for lying.
Goodbye, Tommy Belesis. We won’t miss you.
The rise and fall of the notorious owner and CEO of the defunct independent broker-dealer John Thomas Financial is now complete, and senior columnist Bruce Kelly says the industry won't miss him.
An alternative oil investment that hinges on infrastructure needs
Nontraded energy BDC provides funds for exploration and drilling.
B-Ds taking it on the chin from regulators
With three retail firms in the past couple of weeks disclosing disappointing earnings related to compliance and regulatory issues, the question is: Where does this rash of regulatory actions come from?
Accounting fiasco highlights tangled web behind Nicholas Schorsch’s empire
In the wake of accounting problems at American Realty Capital Properties Inc., the rest of Nicholas Schorsch's empire has drawn scrutiny for its complexity.
What is a bond really worth?
Recent investigations of Pimco's Total Return Bond ETF and church bonds highlight the need to investigate an investment's truest price.
Figuring out Schorsch’s latest deal – or how 1 + 1 = 3
Bruce Kelly On Advice: RCAP's acquisition of Cole Capital could pay dividends for Nick Schorsch's empire for years to come, though the transaction between two related companies raises questions.
Is AIG Advisor Group the next big fish Schorsch wants to land?
Larry Roth's old firm might be the next target for Nick Schorsch's hard-charging broker-dealer, says senior columnist Bruce Kelly. Plus: See the biggest recent indie B-D M&A deals
Claiming bad oversight, ex-rep urges investors reject REIT offer
Says adviser is lowballing American Spectrum.
Opinions on bull market split following most recent run-up
After the S&P 500 reaches new heights, new questions surface on whether the market is headed up or down.
Why did Sterne Agee fire its CEO?
Why did Sterne Agee fire CEO James Holbrook Jr.? Many want to know, especially since the firm and its former CEO were recently accused of all manner of professional hanky-panky.
Schorsch’s pickup of J.P. Turner: "Such a bargain!"
Nick Schorsch has been snapping up B-Ds with the fervor of Carrie Bradshaw from “Sex and the City” chasing down her next pair of Manolo Blahniks. But with J.P. Turner, is the firm's stock-jockey history a problem or did Nick buy a gem at downtown prices?
Nontraded REIT returns: Where to put cash now?
The independent broker-dealer industry fattened up last year on the sale of nontraded real estate investment trusts. The question hanging over IBDs now is whether advisers are prudently reallocating the money of clients who are invested in nontraded REITs, particularly as the trusts continue to perform well and return capital to investors through listings or mergers.
Regulators have an uphill battle to bring transparency to illiquid investments
Bringing light and due diligence should be a priority for the investment advice industry.
In this Finra program, the eyes have it
A new initiative has the regulator looking at private placements more closely and in real time.
A better TIC?
Newfangled private placements called DSTs offer some improvements to TICs, many of which backfired during the financial crisis, but DSTs still carry high costs and are illiquid. Bruce Kelly has the story.
