The defunct investment dealer has been expelled from IIROC membership
Purchase advances firm’s U.S. growth strategy
The ongoing turmoil in the resources sector is having an “outsized impact on the independent investment banks,” a new report suggests
Although regulators don’t oppose these arrangements, it stresses that dealers and portfolio managers must satisfy their regulatory obligations
Although some small and mid-sized firms have also been profitable, they have had to control costs by adopting technology and by altering their payout grids
The independent financial services firm responds to speculation regarding its investment in Richardson GMP
The firm is raising $60 million to recruit 30 to 40 advisors who have well-established relationships with demanding clients
The firm has raised the money in a private placement that will be dedicated toward growing the wealth-management business
All of 3Macs’ 72 investment advisors have signed retention agreements to stay on with the firm once its merger with Raymond James is official
The commodities slump has hit independent investment banks hard. But better days could be ahead