Another small, independent broker-dealer that faces mounting legal claims is exiting the business, this time after selling real estate deals by a bankrupt syndicator.
Peter Muller founded Morgan Stanley's successful PDT quant unit; dubbed 'brilliant' by Clifford Asness
Queens Road Small Cap Value Fund shines during turbulent markets; sitting on plenty of cash right now
Three famed stock-pickers having a dismal year so far, with big bets crapping out; stil time to be right, however
Moore says niche deals more likely; Securities America, Investors Capital currently on the block
Muni bond transparency isn't very transparent. Indeed, making sense of muni bond funds can be an exercise in frustration. Now, a new rating system may clear things up a bit.
<i>Investors are getting nervous.</i> Hiring data is not good. Europe's a problem again. Portfolio managers are predicting a sizable drop in the market -- a downturn that may have officially commenced with Wednesday's sell-off of large caps. But Blackstone's Byron Wien doesn't seem chuffed. In fact, he says the next few months should present a tremendous opportunity for astute stock pickers.
Products are 'difficult to assess,' commission-based distribution seen as a problem
One of the strongest advocates for imposing a universal fiduciary duty for retail investment advice is urging a congressional committee to allow the Securities and Exchange Commission to move forward with such a rule.
Ron Carson, one of the top advisers in the country, is leaving the indie B-D after more than two decades at the company. Why? LPL's RIA platform is one reason.
LPL Investment Holdings Inc. expects to save up to $12 million in 2012 by moving brokers from its subsidiary Uvest Financial Services Group Inc. from an outside clearing firm to LPL's proprietary platform.
As recruiting wars heat up, B-D aims to hire 400 new reps. It won't be cheap.
CEO Casady establishes a fine to keep execs from discussing company's share price; one offender so far
<a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&issuedate=20100423&sid=BD0426&djoProjId=10994&djoRecordId=342440#record_342440>LPL Investment Holdings Inc.</a> will look to recruit at least 400 net new registered reps and investment advisers this year and into the future, while top executives at the firm acknowledge that attracting top brokers is getting more expensive.
After 20 years of working within the strict confines of a bank trust department, adviser Robert Kaercher was ready for a change.
Winners emerging amid the extended housing slump, says fund manager David Ellison; companies taking share 'from the guys that screwed it up'
Three independent broker-dealers are suing their insurance carriers for failing to cover investors' legal claims, with one charging that its carrier has exposed it to “financial ruin.”
Nearly 100 small to midsize independent broker-dealers find themselves in trouble over sales of tenant-in-common exchanges, a form of real estate ownership in which two or more parties hold fractional interests in a property
Nearly 100 smaller independent broker-dealers sold TICs -- a real estate investment vehicle -- from an Idaho-based distributor that went bust. Now, a bankruptcy court official is putting the bite on those firms.
