Practice

Consumer advocates are calling for Gary Gensler to toss out Reg BI as wealth managers aim to keep the prior administration’s rule in place.

The recent tumult involving GameStop and Robinhood has raised questions about whether broader risks for the financial system are brewing.

The acquisition of another midsize wealth manager will boost the holding company above 2,500 reps with nearly $95 billion in AUA.

The combined company will service $4 trillion in assets and is valued at $1 billion.

Does a poor stock pick, for instance, constitute a sales practice violation?

The new hires include industry veterans and they join a growing branch in Dallas.

The brokers collectively generated more than $88 million in annual revenue while overseeing nearly $15 billion in assets under management.

Regulators and Washington policy makers are sure to up scrutiny once the dust settles on the market turmoil that has buffeted GameStop and others.

A dead client, an advisor accused of murder and fraud, and an industry that didn’t see it coming.

Despite the credit-positive reading by one agency, the IBDs are competing against less leveraged rivals.