Locicero to run UBS's wealth management office in L.A.; Stewart to oversee Citi's retail banking, wealth management
The staunchest opposition to a universal fiduciary standard that would put clients' interests first isn't from securities brokers. It's from insurance agents, comments to the Securities and Exchange Commission show.
Traders betting on stock drop after Morgan Stanley lowers rating on discount brokerage
U.S. brokerages want to weigh in on how much the Financial Industry Regulatory Authority pays its senior executives and urged the watchdog to hire outsiders to investigate its ties to convicted money manager Bernard Madoff.
The Financial Industry Regulatory Authority Inc. is telling its member firms to vote against a series of proxy proposals put forth by a small California broker-dealer.
In a bid to generate interest income off its brokerage clients, Morgan Stanley may hire up to 500 private bankers, a source says. Jumbo mortgage, anyone?
Central bank officials consider setting inflation target; 'it's worth trying'
With stricter capital requirements, banks may shy away from purchasing municipal debt
Market regulators have fined a New York-based brokerage firm $1 million for creating a false sense of demand for stocks that earned it profits.
Steven Romick says he aims to beat the market when stocks are falling and underperform by a smaller margin when they're rising.
