Broker Financial News

05.09 / 19:57

CEO performer Broker Ex-Wells chief Kowach’s new firm buys Tennessee broker-dealer

David Kowach, former head of Wells Fargo Advisors, and his new firm, &Partners, took another step closer to coming to market last week when Kowach and his partners acquired a broker-dealer and registered investment advisor with $663.8 million in assets, according to filings with regulators.

01.09 / 21:23

COST Provident Action show stage FINRA Broker Finra fines, censures New Jersey broker-dealer for violating Reg BI

The Financial Industry Regulatory Authority Inc. has censured and fined a New Jersey-based broker-dealer and its chief compliance officer for allegedly violating the compliance and care obligations of Regulation Best Interest.

21.08 / 14:55

Provident CEO Broker U.S. insurance broker Marsh to buy Australia's Honan

(Reuters) — U.S. insurance broker Marsh, a unit of Marsh & McLennan, said on Sunday that it would acquire Australia's Honan Insurance Group, it said in a statement on Sunday.

20.08 / 22:29

CEO show stage country Broker Australian US giant makes $700m swoop on Australian insurance broker

US insurance broker giant Marsh & McLennan is nearing an agreement to acquire Australia’s Honan Insurance, according to people familiar with the matter.

15.08 / 20:07

Government regulation SEC policies lawmakers US lawmakers FINRA Prometheum Broker US lawmakers press SEC and FINRA on Prometheum's broker-dealer approval

United States lawmakers on the House Financial Services Committee have demanded answers from the heads of the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regarding under what circumstances Prometheum obtained a special purpose broker-dealer license (SPBD).

15.08 / 19:07

COST UPS Tether Enterprise open Broker Signature RIA set to open broker-dealer

A year after the $18 billion registered investment advisor Signature Estate & Investment Advisors said it was selling a portion of the firm to Reverence Capital and Advisor Group, now Osaic, the RIA announced Tuesday that its new broker-dealer will be up and running on Sept. 1.

07.08 / 14:41

UPS Platform licence Broker NSEL case: Sebi cancels MMTC’s stock broker licence, existing clients can withdraw funds in 15 days

PTI report, in September 2009, NSEL introduced the concept of ‘paired contracts’ for trading, which allowed buying and selling of the same commodity through two different contracts at two different prices on the exchange platform, wherein the investors could buy a short duration contract and sell a long duration contract and vice-versa at the same time at a pre-determined price. The trades for the buy contract and the sell contract used to happen on the NSEL on the same day at the same time but at different prices, involving the same counterparties.

31.07 / 18:15

UPS Crime Deal Broker Rep. George Santos Tried to Broker Cryptocurrency Deal with Donor During Congressional Campaign

US Republican Congressman George Santos attempted to set up a crypto-related investment deal with a donor during an election campaign in 2020, according to a recent New York Times report.

31.07 / 14:13

Provident Action Assurant show stage licence Broker Binance secures new Dubai-based licence to provide crypto broker-based facilities

Binance, a cryptocurrency exchange, has achieved a new Dubai-based licence based on its connections with United Arab Emirates’ regulators, as stated by Cointelegraph.

31.07 / 09:11

Binance regulation Bitcoin services Broker Binance to offer crypto broker-dealer services in Dubai with new license

Major cryptocurrency exchange Binance has reached another milestone in relationships with regulators in the United Arab Emirates by winning a new license in Dubai.

28.07 / 12:01

Provident Digital SEC Action Citigroup UBS Broker Another major bank/broker-dealer hit by SEC action

Paris headquartered BNP Paribas has announced that it is under scrutiny by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) for its personnel’s non-compliant use of communication tools, violating archiving protocols.

25.07 / 21:35

Provident CEO Strategy Broker LPL acquiring California broker-dealer with 260 advisors

LPL Financial, a firm with a long history of mergers and acquisitions, added to that Tuesday with an announcement that it was acquiring the wealth management business of Crown Capital Securities, an Orange County, California-based broker-dealer and registered investment advisor with 260 financial advisors and $6.5 billion in assets under its roof.

25.07 / 18:13

UPS IPO Provident SEC Nov Broker Deadline set for broker-dealer merger with SPAC

It’s put up or shut up time for the merger between a buyer of small to midsize broker-dealers, Wentworth Management Services, and a special purpose acquisition company, or SPAC, called Kingswood Acquisition Corp., with the deadline for the deal to be completed now set for late November, according to a filing Monday with the Securities and Exchange Commission.

13.07 / 18:51

COST SEC CEO Broker Closing broker-dealer’s financials ‘were horrible’

A small broker-dealer based in Scottsdale, Arizona, that sold bonds issued by the bankrupt GWG Holdings Inc. is closing down.

13.07 / 18:51

Provident Citizens SEC Sec Charges Broker SEC charges former broker with ripping off elderly, disabled clients

The SEC announced Thursday it has charged a previously registered broker with stealing approximately $3 million from clients, some of whom were elderly or disabled.

13.07 / 08:25

UPS Provident Digital ETF Platform GameStop Backed Broker Will Smith-backed U.S. broker Public launches in the UK in first foray overseas

American stock brokerage startup Public launched its services in the U.K. Thursday, marking its first international expansion its launch in 2017.

03.07 / 14:37

Provident SEC Action Southern Workday Broker Broker-dealer employee hit by SEC legal action

The Securities and Exchange Commission has taken legal action by filing insider trading charges against Jordan Meadow, a registered representative employed by broker-dealer Spartan Capital Securities in New York, and Steven Teixeira, chief compliance officer at international payment processing company Lian Lian Pay (LL Pay).

16.06 / 06:51

Blockchain Provident Twitter Cooper Hack Platform Suspends services Broker Crypto Broker FPG Suspends Services After $15 Million Cyberattack

Floating Point Group (FPG), a crypto prime brokerage, has suspended all withdrawals, deposits and trading on its platform after suffering from a $15 million cyberattack over the weekend.

16.06 / 02:58

business Blockchain Hackers hacks Cybersecurity Cybercrime Withdrawals Broker Institutional crypto broker FPG halts withdrawals after $20M cyberattack

Cryptocurrency brokerage firm Floating Point Group (FPG) has confirmed it has halted trading, withdrawals and deposits on its platform after falling victim to a cyberattack on June 11. FPG estimates the attack resulted in a total loss of between $15 million and $20 million.

07.06 / 15:55

UPS Provident Lowe's Platform Remark Broker Bitget Empowers Community With Upgraded Broker Program

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

28.04 / 06:39

Citi Deal Broker Deutsche Bank swoops on biggest City broker Numis in £410m deal

Deutsche Bank has acquired the City's biggest broker, Numis, in a £410m deal that will hand the German lender 170 UK corporate clients in one fell swoop.

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