News
Interactive Brokers to Pay $38 Million for Money-Laundering Breaches
Interactive, the online trading firm that clears for more foreign financial firms than any broker-dealer, agrees to pay Finra, SEC and CFTC $38 million for “widespread failures” in its anti-money-laundering programs.
Robinhood Blows Past Rivals in Record Year for Retail Investing
Robinhood Markets Inc. is outrunning its online-brokerage rivals, at least by one widely followed industry metric for customer activity.
Jones Loses $1.3 Mln Producer to Wells Indie Firm, Merrill Brokers Join RBC
A 21-year Edward Jones lifer producing $1.3 million left Friday to join an independent firm giant affiliated with Wells, while RBC added two Merrill teams collectively managing $340 million.
Morning Brief: Trump Payroll Tax, Jobless Orders Face Challenges
Top stories from around the web.
This Week’s Top: Wirehouse Recruiting Wars Continue, Another Broker Sanctioned over UIT Sales, and More
Most popular stories from August 2 to August 8.
Managed Money Champion Paul Hatch Exits UBS
Hatch, who was reorganized out of a top UBS sales management job in December, has formed an asset management consulting firm with former BlackRock executive Frank Porcelli and former UBS Wealth planning head Jeff Miller.
Kestra PWS Posts Best-Ever Recruitment Quarter in Q2, Attracts $845 Million
AUSTIN, Texas — Kestra Private Wealth Services, LLC (Kestra PWS), a registered investment adviser subsidiary of Kestra Financial, Inc. (Kestra…
UBS Severs Ties With Some Wealthy Venezuelans Amid Sanctions
UBS Group AG is severing ties with some Venezuelan clients it serves from the U.S. as the Trump administration tightens sanctions on a country that’s mired in a power struggle.
Storm Power Outages Confront At-Home Workers
More than 1.2 million homes and businesses from New York to Delaware are still without power after Tropical Storm Isaias battered the region.
Morning Brief: Consumer Debt Sinks, Inflation Fears Rise
Top stories from around the web.
Ameriprise Brokers Fight TRO Bids from J.P. Morgan, Wells
At least three former J.P. Morgan, Wells Fargo and Edward Jones brokers who joined Ameriprise in recent weeks are fighting lawsuits aimed at keeping them from calling former clients.
