Edward Jones on Thursday agreed to pay $20 million to settle a case brought by the Securities and Exchange Commission claiming the firm overcharged customers in the sales of new municipal bonds...

United Capital recently recruited a $415 million firm, marking its first foray into South Carolina as the company closes in on 80 offices nationwide...

RCS Capital, the broker/dealer network assembled by real estate investor Nicholas Schorsh over the past several years, reported a $66 million loss in profits in the second quarter and a net loss of over 300 financial advisors...

RCS Capital is getting out of the wholesale business amid leadership changes. The parent of Cetera Financial Group announced Thursday it would sell its wholesale distribution unit, and some related activities, to Apollo Global Management...

LPL Financial is gearing up to take advantage of the ongoing and projected increase in regulatory burdens by acquiring smaller broker/dealers struggling with the increased complexity...

Despite an uptick in profits and client assets, LPL Financial reported flat revenues for the second quarter that missed analysts’ expectations due to slower sales commissions and ongoing regulatory compliance issues...

Broker/dealer industry group the Financial Services Institute says the Financial Industry Regulatory Authority’s initiative to have firms link to BrokerCheck still needs work...

Despite the hype around the registered investment advisors with billions under management, sophisticated offerings and various forms of compensation methods available, the vast majority of these firms tend to be small shops seemingly running a fe...

Merrill Lynch announced this week that it’s planning to develop a new team of specialized advisors for international clients, and will narrow the pool of foreign clients it serves by imposing higher asset minimums and focusing...