Some smaller broker-dealers are weathering tough times by diversifying into the institutional side of the business.
Just as the Great Depression scared an entire generation away from the stock market, recent events may drive today's investors to the sidelines — forever.
State securities regulators are asking Congress for expanded powers to review offerings of private securities.
The court-appointed receiver for the Stanford Group Company of Houston yesterday filed suit against 66 Stanford brokers seeking to return of more than $40 million in sales commissions and upfront loans.
The Municipal Securities Rulemaking Board today filed a proposed rule change with the Securities and Exchange Commission that would allow it to collect voluntary-disclosure data from municipal issuers.
Wachovia Securities last month stopped offering recruitment packages to potential recruits to its profit-formula platform.
Financial advisers who are members of the National Association of Active Investment Managers Inc. of Littleton, Colo., made a record leap into the stock market late last month.
Broker-dealer firms are worried about increased audit costs in the wake of the Bernard Madoff scandal.
This week, after a long battle with the SEC, former American Stock Exchange chairman and chief executive Salvatore F. Sodano consented to SEC findings that he failed to supervise the exchange's oversight of its order-handling and record-keeping rules from 1999 through June 2004.
