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"My expectation is that a lot of firms are going to continue installing a best-interest standard, regardless," said Brian Graff, CEO of the American Retirement Association.February 3 -
Deutsche Bank plans to sell its U.S. private-client brokerage unit, according to people briefed on the matter.October 15
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Small investors will be forced to leave the brokerage firms, Ron Kruszewski says, adding that the plan will increase costs and reduce choices for the smallest investors."June 9
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Barclays may fetch $150 million to $250 million for its U.S. wealth unit, according to analysts at Credit Suisse Group.June 1
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A Stifel-Sterne Agee merger would dwarf other moves made last year.February 20
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Money managers and brokers shunned Barclays Plcs dark pool, and Chief Executive Officer Antony Jenkins pledged an urgent inquiry, after the bank was accused of lying to clients about high-frequency trading on the venue.June 26
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Bank of America Corp. and Wells Fargo & Co. were fined by the Financial Industry Regulatory Authority over sales of loan funds.June 4
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Royal Bank of Canada was ordered to pay more than $800,000 to a U.S. couple over their losses on investments including Lehman Brothers Holdings Inc. preferred stock.May 31
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As selling stocks gets tougher, the number of brokers has dropped 12 percent since 2008 to about 363,000 last year. Edward Jones is finding success by sticking to its old ways.May 31
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Edward Jones uses questionable telemarketing tactics to recruit customers, according to New Hampshire regulators.April 12
