Bruce Kelly

A former middle school and high school English teacher, Bruce Kelly started at InvestmentNews in 2000 as the brokerage reporter after a two-year stint at sister publication Pensions & Investments. He writes a bi-weekly, award winning column, On Advice, and covers the independent broker-dealer industry.

Bruce Kelly
Displaying 3145 results
Will Blackstone build or buy a nontraded REIT business?
INVESTING ALTERNATIVES APR 19, 2016
Will Blackstone build or buy a nontraded REIT business?

The firm could create its own REIT sponsor and wholesaler or take a run at an established one like NorthStar Asset Management Group Inc.

Blackstone considering getting into nontraded REIT market
INVESTING ALTERNATIVES APR 19, 2016
Blackstone considering getting into nontraded REIT market

Source says firm eyes creating, managing nontraded REITs for brokers and advisers to sell.

INVESTING ALTERNATIVES APR 19, 2016
Cantor Fitzgerald to hire nearly 30 RCS wholesalers

RCS was recently closed after paying Massachusetts $3 million to settle charges that it fraudulently rounded up proxy votes for real estate deals.

RCS Capital, Cetera and Lightyear reach settlement over executive poaching
NEWS BROKER DEALERS APR 13, 2016
RCS Capital, Cetera and Lightyear reach settlement over executive poaching

Firm agreed to leave more than 40 senior staffers alone until September or until RCS Capital's bankruptcy plan becomes effective.

INVESTING ALTERNATIVES APR 11, 2016
Nontraded REIT company Cole Capital on the mend

Sales at the once-tarnished company are up fourfold this year while sales in the overall industry are down.

New Finra pricing rules for illiquid investments shaking up IBD industry
INVESTING ALTERNATIVES APR 11, 2016
New Finra pricing rules for illiquid investments shaking up IBD industry

Firms need to be proactive in conveying information to their advisers.

NEWS BROKER DEALERS APR 06, 2016
Despite industry fears, DOL's fiduciary rule is just more of the same

Scan of recent orders and reports from SEC, Finra shows the advice industry is already feeling the effects of fiduciary.

Finra: Broker charged $11M in commissions for nontraded REITs and BDCs and lied about it
INVESTING ALTERNATIVES APR 06, 2016
Finra: Broker charged $11M in commissions for nontraded REITs and BDCs and lied about it

Regulator said he failed to tell Native American tribe about fees.

NEWS BROKER DEALERS APR 05, 2016
SEC smacks three former AIG Advisor Group B-Ds for using higher-priced funds

Three independent broker-dealers formerly operating under AIG's umbrella have been fined $7.5 million and ordered to pay restitution of $2 million to clients.

LPL stock buyback cost shareholders $115 million: lawsuit
NEWS BROKER DEALERS MAR 28, 2016
LPL stock buyback cost shareholders $115 million: lawsuit

A Michigan pension plan says the company bought back shares at artificially inflated prices because of misleading statements it made about its financial condition.