Brokerage

Major Court Ruling Challenges FINRA's Authority to Expel Brokerages

1 month ago

The Financial Industry Regulatory Authority (FINRA) faced a significant setback in its regulatory power following a recent court ruling that questioned its authority to expel brokerages. This decision has far-reaching implications for the enforcement of industry regulations and the operational stability of firms under FINRA's jurisdiction.

High-Stakes Brokerage Feud: An MD's Jaw-Dropping Admission on Code Smuggling

1 month ago

In a dramatic turn of events, a heated battle within a prominent brokerage firm has unveiled shocking revelations involving the smuggling of proprietary code. This explosive confession was made by a managing director (MD) during an ongoing legal dispute, highlighting the intense rivalries and high stakes that exist in the financial sector.

LPL Financial Appoints Steinmeier as Permanent CEO Following Interim Leadership

2 months ago

LPL Financial, one of the largest independent broker-dealers in the United States, has officially announced the permanent appointment of Jerry Steinmeier as its Chief Executive Officer. This decision comes after Steinmeier served as the interim CEO for a period during which the company sought to stabilize its leadership and explore a long-term successor.

Plaid Launches New Technology to Simplify Transfers Between Brokerage Accounts

2 months ago

Plaid, a notable player in the fintech industry, has announced the launch of a groundbreaking technology developed to streamline the process of transferring funds between brokerage accounts. This innovative system is designed to enhance the efficiency and user experience for consumers, significantly reducing the hurdles currently faced in transferring assets.

Swiss Bank Mirabaud Closes Brokerage Unit Following Dismal Performance

2 months ago

In a significant development within the financial sector, the renowned Swiss bank Mirabaud has announced the closure of its brokerage unit due to underwhelming performance. This strategic move underscores the ongoing challenges faced by financial institutions in an increasingly competitive environment.