Ameriprise Financial Services Inc. says that it is finally ready to execute its long-discussed strategy to recruit registered representatives and advisers from rival firms.
State regulators are questioning whether some of the “harmonization” of rules of the regulatory operations of NASD and the New York Stock Exchange will harm investor protection
NEW YORK — Sick and tired of complying with an increasingly complex regulatory framework, many financial advisers knowingly sidestep their firms’ compliance policies and sometimes show little regard for rules and regulations, according to a new survey of advisers and other financial services professionals.
Nasdaq Stock Market Inc. has agreed to buy Nordic markets owner OMX AB for $3.7 billion, after failing on an earlier bid to purchase the London Stock Exchange.
The Federal Reserve Board will consider new regulations to tighten mortgage-lending standards, said Fed chairman Ben Bernanke in a letter released Friday.
Merrill Lynch & Co. has trimmed employees’ sick days from 40 to 10, according to an internal memo.
Ben Weston, chief of hedge fund development at Merrill Lynch & Co. Inc., has left the company.
JPMorgan Chase & Co. has launched 12 indexes comprising exchange-listed American Depositary Receipts and Global Depositary Receipts.
Merrill Lynch & Co. Inc. is purchasing a 20% minority stake in a hedge fund with $8 billion in assets under management.
Merrill Lynch & Co. Inc. plans to reshuffle the leadership structure of its markets and investment banking operations, according to a Financial Times report.
As the Department of Labor considers improving fee disclosure to retirement plan participants, some vendors and advisers are racing to offer more information to 401(k) participants, while most are content to wait for a directive.
Now that the Financial Planning Association’s victory over fee-based brokerage accounts is cemented, some in the securities industry are wondering whether the group will take aim at other brokerage transactions that hinge upon a registered representative giving clients advice.
Brokerage firms, preparing to transition existing customers into alternative fee programs, are putting the freeze on new fee-based brokerage accounts.
Add financial literacy and trust in financial institutions to the factors that increase 401(k) participation rates.
John C. Whitehead said he is outraged by the excessive compensation given to Wall Street top execs.
JPMorgan Chase & Co. acquired Xign Corp., a provider of business-to-business on-demand financial settlement solutions.
An affiliate of Edward Lampert's ESL Investments Inc. hedge fund now owns 15.24 million shares of Citigroup Inc.
The Fidelity Out of Sudan group applauded news that the fund giant has slashed its stake in PetroChina ADRs by 91%.
George "Beau" Taylor, JPMorgan Chase & Co.'s energy-trading head has quit to join the Credit Suisse Group, according to published reports.
