Recent history shows that connecting with legislators in Washington is time well spent.
Independent B-D spends $8.8 million to resolve litigation prior to acquisition by RCS Capital.
Nick Schorsch's RCS Capital is building the second-largest independent broker-dealer network — 9,000 registered reps and financial advisers — through several acquisitions it announced last year.
Nick Schorsch has been snapping up B-Ds with the fervor of Carrie Bradshaw from “Sex and the City” chasing down her next pair of Manolo Blahniks. But with J.P. Turner, is the firm's stock-jockey history a problem or did Nick buy a gem at downtown prices?
Introducing 'the law of 1,920' to underline that advisers' income is completely dependent on where they spend their work hours in a year
Both SIFMA and FSI cautious about Finra proposal to strengthen its database.
Bruce Kelly reports about Meyers Associates, a small New York broker-dealer with five times the industry average of registered reps with marks, or 'disclosure events' on their record.
The Internet has changed the game but decades-old scripts still lure investors
Houston radio host George Jarkesy charges the regulator denied him due process in a fraud case.
Broker-dealer using proceeds, in part, for pending acquisitions and possible new ones.
Firm to offer another way besides public listing for REIT sponsors to provide liquidity to investors.
The independent broker-dealer industry fattened up last year on the sale of nontraded real estate investment trusts. The question hanging over IBDs now is whether advisers are prudently reallocating the money of clients who are invested in nontraded REITs, particularly as the trusts continue to perform well and return capital to investors through listings or mergers.
A report from the North American Securities Administrators Association uncovered a wide disparity in how broker-dealers disclose the fees they charge and questionable practices regarding markups.
William Morrissey, a 10-year company vet responsible for recruiting new advisers and their practices, was appointed head of LPL Financial's Independent Advisor Services unit.
Products include nontraded REITs, oil and gas partnerships, BDCs, hedge funds and managed futures.
One way to address the lack of minorities is to be open about it
Revenue was up almost 12%, but profit declined on higher expenses.
Adviser feedback results in improvements to the app, including secure messaging.
