Smaller broker-dealers are worried that a sweeping congressional proposal aimed at preventing fraud through comprehensive audits of brokerage firms could put them out of business.

With 10,000 financial advisors working under a variety of roofs, Advisor Group Inc., a leading network of independent broker-dealers, is looking to reshape its brand in coming months to show a more ...

As of 2024, the number of Commission-registered broker-dealers has declined by nearly 30% from 4,758 in 2010 to 3,341, signaling significant industry consolidation, according to a new report by the ...