Broker-Dealers
North Dakota Brokerage Firm Redeems $1 Million In Pawned Stock
A somewhat bizarre chapter in industry history has wound down after Capital Financial Holdings has bought 3 million of its own shares back from its pawnbroker affiliate.
Yet Another Small Broker-Dealer Shuts Down, Moving Founders And Clients To Davidson
It's already shaping up to be a tough year for independent broker-dealer firms. Another one just decided to shut down, this one in Seattle.
Merrill Edge Keeps Moving Down Market By Courting Self-Directed Accounts
The strategy behind Bank of America's "Merrill Edge" push into the mass market continues to evolve as the bank cuts trading fees and puts work into making its self-directed platform more attractive to true middle-class investors.
First Priority For Raymond James: Stop The Morgan Keegan Defections
Now that the future of Morgan Keegan as a firm has been decided, new owner Raymond James needs to boost morale among the 1,000 advisors it just bought.
Raymond James Bows To The Inevitable And Buys Morgan Keegan
The asking price for Morgan Keegan and its roughly 1,000 patient brokers has reached levels that Raymond James executives apparently found irresistible. The question is why they waited so long.
