Catie Tobin replacing retiring Mike Kavanagh
Charles Schwab Corp., the largest independent brokerage by client assets, reported a third-quarter profit that beat the average analyst estimate. Net new assets coming into the brokerage's Advisor Services unit tailed off in the third quarter, however.
Do breakaway brokers have to disclose to clients how much they stand to gain by going independent?
Finra's board of governors has agreed to take action on three of seven proxy proposals approved by members in August.
A court-appointed receiver in a Utah Ponzi case has sued Penson Financial Services Inc., claiming that the firm was complicit in perpetuating the scheme for a clearing client.
In a comment letter posted to the SEC website last week, Richard Ketchum, Finra's chief executive, laid out in some detail what a self-regulatory organization for advisers might look like.
Rep. Spencer Bachus (pictured) is now in line to head the House finance committee -- and he's been a key supported of an SRO for financial advisers
In yet another sign of the move toward regulatory harmonization, the Financial Industry Regulatory Authority Inc. has asked for input on how to create an ADV-like form for broker-dealers.
Elton Johnson, owner of Amerivet Securities Inc., has made a name for himself by being a thorn in the side of the Financial Industry Regulatory Authority Inc.
