A U.S. District Court judge denied Securities America’s request Friday to bundle several arbitration claims and class action lawsuits into one $21 million settlement agreement related to allegedly fraudulent private placements sold by the...
The Charles Schwab Corp. (NYSE:SCHW) said today it will pay about $1 billion in stock for optionsXpress Holdings (NASDAQ-GS:OXPS), the retail online brokerage business, in a deal it expects to close in the third quarter. The deal will give Schwab...
Securities America will face a federal court judge Friday to decide whether the independent broker/dealer gets preliminary approval for a $21 million settlement agreement related to allegedly fraudulent private placements sold by the company. Firm...
With Registered Rep.'s Independent Broker/Dealer Report Card, you get a chance to score your own firm — anonymously. In an upcoming issue, we will provide our readers with hard numbers that compare various independent broker/dealers, to see...
FINRA deemed that an advisor’s tweets about a public company were unbalanced and lacked the necessary disclosure about the “substantial positions” held in the stock by the advisor and her family.
Morgan Stanley (MS) will lay off a total of 200 to 300 trainees and lower-producing financial advisers during the first quarter, and most of those cuts have already taken place, a source knowledgeable about the situation told Registered Rep. Dow...
The hybrid hype is growing. Independent broker-dealers have lately been ramping up their efforts to attract hybrid advisors, launching new recruiting efforts and rolling out integrated commission and fee-based platforms and hybrid-specific...
