Broker-Dealers
Edward Jones Distanced Itself From Rogue Advisor - But Was It Fast Enough?
Edward Jones moved fast to pay restitution and penalties to settle a one-time Montana rep's apparent theft from client accounts, but it remains to be seen whether the squeaky-clean firm will have to change its recruiting practices.
LPL Rolls Its Bank-Sold Business Onto Its Self-Clearing Platform, May Be Bidding For Investors Capital
LPL is folding its UVEST banking investment sales unit into its self-clearing platform, finally giving the firm's bank and credit union affiliates access to its clearing capabilities but putting the long-term future of UVEST in question.
Wells Fargo May Want A Big Brokerage Buy Of Its Own...Or Just Insurance
Not content to be a massive retail bank or the third-biggest brokerage operation out there, Wells Fargo is reportedly looking for big M&A opportunities.
Morgan Stanley Flirting With Dropping The Smith Barney Name
There are strong hints that a Wall Street brand with roots going back to 1873 may be ready for the history books.
Investors Capital Founder Heads For A $19 Million Exit ... But Who's The Buyer?
Ted Charles, founder of Massachusetts broker-dealer Investors Capital, has filed the paperwork to unwind his entire 55% stake in the company he built into a 500-rep kingdom -- at a discount.
