Industry
Michael Oxley Registers To Lobby For FINRA To Regulate RIAs
Having given his name to Sarbanes-Oxley, Michael Oxley, now a lawyer in private practice, has filed as a lobbyist on behalf of FINRA in order to plead that regulator's case in Congress for taking over RIA supervision.
Schwab's $1 Billion OptionsXpress Merger Shows The Industry How It's Done
Charles Schwab made headlines for paying a big premium for upstart options-oriented discount broker optionsXpress, but it's likely that this deal is at least partially aimed at wooing the advisory community.
Dan Wiener Buys $700 Million In AUM From E*Trade
Adviser Investments, which started as a market newsletter and grew into a $1.3 billion firm, is now buying another $700 million in AUM from E*Trade in the form of Kobren Insight Management.
SWS Rebuffs Sterne Agee Takeover Bid In Extremely Strong Terms
A lesson to acquisition-minded brokers: Don't make an offer that your prospective purchase will find insulting, and whatever you do, don't bug them about it.
Securities America Gets Its Do-Or-Die Settlement Hearing Today
Today Securities America is arguing for what could be its life as it tries to reduce the $400 million it owes former clients who were sold bad private placements to a somewhat more manageable $21 million.
