Banc of America Investment Services allegedly sullied brokers' reputations, damaged potential relationships with clients.
A tax-exempt strategy that utilizes exchange traded funds investing in municipal bonds has been announced by Curian Capital.
The bank will separate its investment banking, global asset management and wealth management units.
Qualifying investors will have the option of getting their claims heard by a three-person panel of arbitrators.
The repurchase program will begin sometime before Sept. 30 and involve $4.5 billion of auction rate securities.
Placemark Investments new United Capital relationship is its second significant deal in the RIA space.
The firm plans to categorize and rate the 3,500 funds of hedge funds in its database.
LPL Financial will increase its outgoing account transfer fees for retail accounts and termination fees by $20.
Many are cutting back on medical care to cope with rising costs and a worsening economy, according to NAIC.
Incomplete codes of ethics and codes of ethics that aren't followed were cited as two common problems found by Securities and Exchange Commission examiners at investment advisory firms.
