An independent broker-dealer has taken a flyer on an Occupy Wall Street protester.
The IRS is giving broker-dealers a chance to come clean on classifying independent contractors, but firms that fess up will take on the increased cost of following the letter of the law.
A bill in California bill that would punish firms for misclassifying employees as independent contractors was amended to lighten the compliance burden for broker-dealers.
State regulators have signaled a push for recalculating reserve requirements on a certain type of universal-life insurance, a change that could lead to higher costs for policyholders, as well as fewer insurers' selling the product
As sponsors of nontraded real estate investment trusts continue their full-court press on sales, some independent broker-dealers are dialing back their level of risk and have cut back, or are considering reducing, the number of REIT products they allow their representatives to sell
Don't worry about a double dip, says Raymond James' chief investment strategist Jeff Saut.
Broker-dealers now have a low-cost way to clear their slate with the IRS if they have been misclassifying employees as independent contractors
Rumors have been swirling for months about who would acquire Securities America, the embattled broker-dealer. On Wednesday, the guessing-game ended, as parent Ameriprise sold the B-D to Ladenburg Thalmann.
Another independent broker-dealer that sold high-risk private placements is hanging on by a thread, with the firm's management stating grave concerns about the broker-dealer's future
Private placements strike again: Another independent broker-dealer that sold high-risk Reg D offerings appears to be struggling. This week, CapWest Securities' management filed a report with the SEC stating grave concerns about the B-D's future.
Suddenly, selling away is again a big concern for regulators and law enforcement agencies. In recent months, former reps at several marquee B-Ds have been investigated for allegedly peddling unapproved investments on the side. | <b>Extra </b><a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110923&Category=FREE&ArtNo=923009998&Ref=PH>What top RIA execs earn</a>
Investor Phillip Frost, the largest shareholder in and chairman of Ladenburg Thalmann Financial Services Inc., issued a challenge Friday to the independent-brokerage business, saying that the firm's plans to expand are second to none.
Investor Phillip Frost, the largest shareholder in, and chairman of, Ladenburg Thalmann Financial Services Inc., issued a challenge Friday to the independent-brokerage business, saying that his firm's plans to expand are second to none
Ladenburg Thalmann Financial Services Inc., the prospective owner of Securities America Inc., is offering bonuses to keep the firm's brokers on board and probably won't see an exodus, given the volatility of the stock market
Consolidation in the securities industry continues to build, with regional broker-dealer and clearing firm Sterne Agee & Leach of Birmingham making an offer to buy SWS Group Inc. of Dallas.
Less than 24 hours after revealing that they had received an unsolicited takeover proposal from the Sterne Agee Group Inc., officials for SWS Group Inc. — a Dallas-based firm with several hundred advisers—unanimously rejected the offer.
A pair of registered representatives with Planmember Securities Corp. in Texas face the loss of their securities licenses and fines of $100,000 each for the improper sale of life settlement notes.
When Roger Monteforte saw the flaming wreckage of the first plane in the side of the World Trade Center's North Tower 10 years ago, he knew instantly that initial news reports of a small plane hitting the tower were wrong
Another troubled broker-dealer is closing, but with a twist: The firm is telling its advisers to move en masse to another firm.
After avoiding the pitfalls of disastrous Regulation D deals during the past decade, Commonwealth Financial Network and LPL Financial LLC are contending with potential fallout from a real estate private placement that faces pressure from its creditors.
