Three former executives of defunct brokerage GunnAllen Financial Inc. agreed to pay $55,000 to settle government allegations that they failed to protect confidential customer information as the firm was going under.
Less than 24 hours after revealing that they had received an unsolicited takeover proposal from the Sterne Agee Group Inc., officials for SWS Group Inc. — a Dallas-based firm with several hundred advisers—unanimously rejected the offer.
Consolidation in the securities industry continues to build, with regional broker-dealer and clearing firm Sterne Agee & Leach of Birmingham making an offer to buy SWS Group Inc. of Dallas.
Agency finalizes controversial rule calling for level-fee arrangements; new scheme also greenlights computer models
Investigations heat up as DOL said to be investigating retirement plan and participant fee disclosure; reps possibly classified as fiduciaries
Plenty, according to state regulators. They say recent exams revealed that advisers are increasingly attaching 'RIA' after their signatures as it were an earned designation. It isn't -- and doing so violates the rules | <b>Extra </b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110923&Category=FREE&ArtNo=923009999&Ref=PH>The 10 states with the most CPAs</a>
Even a puny rise in interest rates will slam current holders of U.S. debt; inflationary shock 'a high probability'
The Headhunter wonders why Sallie Krawcheck's departure registered as an earth shattering day in the history of the retail brokerage business.
The number of investment advisers registered with the Securities and Exchange Commission has fallen for the first time in 10 years, while the assets that they manage have increased sharply, according to a report released last week
Advisers hoping to broach the topic of annuities with clients ought to step back from product features and focus on the greater context of longevity protection.
In case anybody was wondering, survey reveals pensions are preferred to 401(k)s
President wants to make sure wealthy don't pay lower rate than middle-income earners
Index giant looks to break insurers' domination of bundled-plan space; 'last bastion' for carriers
