InvestmentNews

Stifel sells non-core broker-dealer in latest move away from independent brokers

Stifel Financial Corp. continued its long-term move away from the independent broker-dealer industry when it said on Monday ...
JD Supra

SEC Amends the Customer Protection Rule to Require Daily Reserve Formula Computations for Large Clearing/Carrying Broker-Dealers

On December 20, 2024, the Securities and Exchange Commission (SEC) issued a final rule amending SEC rules 15c3-3 (the customer protection rule) and 15c3-1 (the net capital rule). The SEC also amended ...
Crowdfund Insider

Alpaca Shares Key 2024 Milestones, Becomes Self-Clearing Broker-Dealer and Launches Options Trading

Alpaca says it had a landmark year in 2024 as they became a fully self-clearing broker-dealer and launched new features like options trading. Working with financial institutions, Alpaca said they ...
Knoxville News Sentinel

tZERO’s Strengthens its Institutional Infrastructure Footprint in Crypto Asset and Traditional Securities, Now Offers Correspondent Clearing Services to Other Broker-Dealers

tZERO’s broker-dealer is one of only two in the United States to support crypto securities custody and is now a leading provider of institutional custody to other firms that are not approved to ...
CoinDesk

Ironlight Wins FINRA Approval for First U.S. Regulated ATS With Onchain Atomic Settlement

Ironlight Markets received FINRA approval to operate a U.S.-regulated alternative trading system (ATS) for both traditional ...
Agence France-Presse

Alpaca Secures Nasdaq Exchange Membership, Advancing Full-Stack Brokerage Infrastructure

Alpaca, a self-clearing broker-dealer that offers stocks, ETFs, options, and fixed income, announced today its acceptance as ...
JD Supra

SEC Settles Enforcement Proceedings Against Adviser/Broker-Dealer for Alleged Fiduciary Duty Breaches Related to Receipt of Revenue Sharing Payments from Third-Party Broker-Dealer

On August 12, 2024, the SEC announced the settlement of administrative proceedings brought against a dually registered investment adviser and broker-dealer (the adviser) for alleged breaches of ...