Economy

We need to let go of the idea that everyone should own and trade stocks. Some people are emotionally unfit to do so.

During Andy Kalbaugh’s tenure with the No. 1 IBD, its headcount grew by more than 50% to nearly 17,000 reps.

The executive shuffle at the company continues as Credit Suisse America’s Paula Dominick is hired to replace Mike Roemer as chief compliance officer. It also hired or promoted four line-of-business chief risk officers and an enterprise testing leader.

The U.S. Small Business Administration has posted rules about how businesses who have been turned down for forgiveness of their Paycheck Protection Program loans can appeal the decision.

There are currently no plans to replace the longtime wirehouse leader, whose responsibilities will be divided among other executives.

As consolidation reshapes the market, the custodian sees an opportunity to attract tech-forward and multi-custodial firms.

The team caters to athletes, entertainers, and entrepreneurs.

Do RIAs still have a clear advantage when it comes to modern planning software?

They all spent over a decade at their former firm.

The firm will also pay a penalty and offer to buy back variable annuities the former broker sold to 21 other investors.