Industry
Stifel Nicolaus Gets A Token Fine For Raiding AG Edwards
FINRA has fined Stifel Nicolaus a mere $167,000 over what Wells Fargo says was systematic poaching of its newly acquired A.G. Edwards brokers.
New White Paper Draws Somewhat Troubling Conclusions About The Industry Ecosystem
A recent study from consulting group Sanctuary Wealth Services makes some tough but useful conclusions about what wirehouses do better than independent firms.
Ameriprise Settles For 45% to 48% Of Most Securities America Clients' Claims
After a few weeks of silent but intense negotiation, it looks like Amerprise lawyers have found a way to settle $400 million in claims from aggrieved Securities America clients.
Congressmen Raise Alarm Over Whether Madoff Will Bankrupt SIPC
The massive cost of liquidating the messes left behind by Bernie Madoff and Lehman Brothers has gotten two Congressmen worried about whether SIPC will run out of cash.
AIG Advisor Group Gets Aggressive About "Open Architecture" As A Differentiator
One of the traditional selling points of the independent channel is that affiliates don't have to sell proprietary products. That's exactly the proposition AIG Advisor Group is making to prospective recruits.
