To protect consumers against fraud associated with the current economic crisis, the FBI has increased its investigation into corporate financial crimes.
A stringent plan to regulate hedge funds that is backed by Obama administration aide Paul Volcker won the support today of an influential Democratic senator.
Robert W. Baird has snagged Paula Johnson, an industry veteran most recently with rival Wachovia Securities LLC of St. Louis, to lead a fledgling branch office.
Amegy Bank NA of Houston, and its broker-dealer affiliate, Amegy Investments Inc., have filed an arbitration claim against Merrill Lynch & Co. Inc. of New York.
Legislation aimed at improving disclosure of 401(k) fee information was introduced in the Senate yesterday.
Massachusetts Secretary of the Commonwealth William F. Galvin filed a complaint today to revoke the securities registration of Cohmad Securities Corp.
After posting another massive loss today, the Swiss bank UBS AG said it will reorganize its wealth management businesses.
It will take investors two to five years to recover from the losses that they have endured in the past year in their 401(k) plans, one industry expert said.
Retirement accounts have taken a huge hit since the markets tanked, but they were already in trouble because most consumers weren’t saving enough even when times were good, according to one industry leader.
SEC director of enforcement Linda Thomsen is resigning to return to the private sector, the agency announced today.
Incidents of identity theft and fraud continue to rise but, due to increased vigilance by consumer and businesses, the cost to individual victims has fallen.
As Valentine’s Day approaches, Cupid’s arrow may snag that special partner, but be sure it doesn’t snag some financial troubles in the process.
Wells Fargo & Co. is hitting back at media coverage of a Las Vegas trip for mortgage employees that the bank canceled last week.
Bernard Madoff began to face the music today.
Fixing the global financial crisis will require more effective government regulation and greater cooperation among regulatory agencies around the world.
As financial advisers are aware from their own businesses, success never comes to those who stand still.
Private-equity investors appear to be leading the pack of likely buyers for the three broker-dealers in the AIG Advisor Group, which houses 6,571 representatives, according to a number of industry sources.
