InvestmentNews

Pershing discussing move to control portion of broker-dealers’ cash.

The financial advice industry’s skirmish over cash sweep accounts is taking another turn, with clearing giant Pershing evaluating plans to create a new charge, akin to a tax, on cash held by its ...
TipRanks on MSN

Pioneer Bancorp launches broker-dealer subsidiary

Pioneer Bancorp ( ($PBFS) ) just unveiled an announcement. On December 11, 2025, Pioneer Bancorp, Inc. announced the launch ...

Kingswood U.S. Expands Investment Banking Capabilities and Deepens Existing Alliance with ArcStone Securities, LLC with Equity Stake and Enhanced 2026 Strategy

With offices in New York and Miami, ArcStone is positioned to enhance corporate investment banking services for both public and private corporations. The transaction builds upon a successful two-year ...
JD Supra

The SEC’s New Guidance on PSEs: What Broker-Dealers Need to Know

The U.S. Securities and Exchange Commission’s Division of Trading and Markets has finally answered a question that has ...
InvestmentNews

ING broker-dealers' leading suitor is Don Marron's Lightyear Capital

Lightyear Capital LLC is one of the leading firms in pursuit of the broker-dealers that comprise most of the ING Advisors Network Inc., according to multiple investment banking and industry sources.
Financial Advisor

Broker-Dealers In SEC Crosshairs For Pricier Funds

Advisory firms have spent a copious amount of time this year preparing for the Securities and Exchange Commission’s telegraphed focus on Regulation Best Interest violations, particularly the treatment ...
Nasdaq

LPL Financial Welcomes Michael Carmichael and Carmichael Financial to Its Broker-Dealer and RIA Platforms

LPL Financial LLC has announced the addition of financial advisor Michael Carmichael, RFC®, CRPS®, founder of Carmichael Financial, to its broker-dealer and RIA platforms. With approximately $190 ...
NBC Montana

Restitutions coming to Montana investors after broker-dealer settlements

Montana investors will receive more than $160,000 in restitution after several national brokerage firms agreed to settlements ...
Financial Advisor

Broker-Dealers

Sun Life Financial Inc., Canada's third-largest insurer, is seeking a buyer for a U.S. annuities business that may fetch more than $1 billion, said people with knowledge of the matter. Bank of America ...
JD Supra

Delaware Imposes Nearly $1M Penalty on Investment Adviser for Registration, Supervision, and Recordkeeping Failures

On November 21, Delaware Attorney General Kathy Jennings’s Investor Protection Unit (IPU) announced a $995,180 penalty against Kovack Advisors, ...

Types of financial advisors

Explore the different categories of financial advisors—from RIAs to robo advisors—to determine which expert aligns with your ...
WealthManagement.com

ING Broker-Dealers Sold to Private Equity Firm

The anticipated sale of the ING broker/dealer network was made official early this morning as the struggling Dutch parent company shed the three independent firms to a private equity firm for an ...