On August 2, 2017, the DTF issued from its Office of Counsel an informal statement, NYT-G-17(2)C, "Receipts Factor Methodology for the Owners of Single Member Limited Liability Companies that are Registered Broker-Dealers
Shifting or creating new profit centers is becoming an obsession for broker-dealers
BNY Mellon company Pershing LLC said it has released results of a study called Why Teams Are the Client of the Future for Broker-Dealers
that finds broker-dealers
must recalibrate their relationships with their advisors in order to remain competitive in today's financial advice industry.
There's nothing wrong with broker-dealers
being profitable, but how those profits are obtained could use a good dose of disclosure.
CalSurance, a national insurance sales, service and support company, has enhanced its specialized errors and omissions program for broker-dealers
with less than 75 brokers, the company said.
The AICPA Personal Financial Planning (PFP) Executive Committee has been tracking the SEC's activities relating to its final rule, "Certain Broker-Dealers
Deemed Not to Be Financial Advisers" (www.
has improved its specialized errors and omissions program for broker-dealers
with 75 or fewer representatives.
Repeal of sections 7 and 8(a) of the Securities and Exchange Act of 1934 would leave federal oversight of securities credit extensions by broker-dealers
to securities regulators, including self-regulatory organizations (SROs).
Eric's dedicated leadership role at FSI can be traced back to his participation as a member of FSI's founding board in 2004, which established FSI to be a strong and effective voice for independent broker-dealers
and independent financial advisors," said Dale Brown, FSI President and CEO.
fiduciary rule has been implemented and now likely delayed for 18 months, broker-dealers
are making business changes due to lower revenue and higher expenses.
FA Insight conducted telephone interviews with 50 registered reps of broker-dealers
that included wirehouse, regional, bank and independent broker-dealers
, supplemented by interviews with the leaders of a half-dozen broker-dealers
If your firm decides to trade in-house, you can expect it to take time to build up the volume to command institutional bond prices with multiple broker-dealers