A series of nasty legal fights involving Jesup & Lamont Inc., Penson and Finra may be coming to a head.
RS Investments last week announced an agreement to acquire certain assets of Oak Value Capital Management Inc.
Convincing broker-dealers to embrace the advisory business is still an "educational process.
Mark Singer, a former Smith Barney broker who's been accused of criminal fraud in connection with the handling of cemetery trust funds in the Midwest, is suing his former employer for $7 million in unpaid compensation, plus legal costs.
RS Investments today announced an agreement to acquire certain assets of Oak Value Capital Management Inc., which is the adviser to the Oak Value Fund. The portfolio managers of the Oak Value Fund will also be joing RS Investments.
Finra is proposing registration requirements for some back-office supervisory positions.
Despite all the hoopla about breakaway brokers, most of the wirehouse representatives going to independent broker-dealers are relatively low producers who fit the B-Ds' packaged-product and fee-based model.
The Charles Schwab Corp. has reversed course and will allow advisers to hold in custody additional alternative investments.
The Committee for the Fiduciary Standard takes a different tack in its bid to eliminate the broker-dealer exclusion
