A Securities America adviser named last week in a class action said he had no way of knowing that securities he sold would later blow up.
As part of her leadership role at Merrill Lynch & Co. Inc., Sallie Krawcheck has shown clear deference to the firm's storied past and has assiduously worked the phones, reaching out to leading members of the firm's old guard, including former chief executives David Komansky and Daniel Tully.
A sister who sued her brother and his brokerage firm won a $608,000 arbitration decision last month in a case that alleged, among other claims, churning of highly volatile stocks in the weeks leading up to the market collapse of September 2008.
The father of modern portfolio theory plans to spend plenty of face time with advisers at 1st Global Capital
A wrecking ball has hit ING Groep NV's global supermarket of financial services, whose many parts include a $600 billion global asset management business and a U.S broker-dealer network of 8,700 reps and advisers.
Finra officials are trying to determine if GunnAllen Financial Inc., already reeling from the abrupt departure of its holding company's chairman, has enough capital to stay in business.
In a rarity, an arbitrator last month cited elder abuse in tripling the damages a discount securities firm must pay a 95-year-old client.
UBS Wealth Management Americas is beefing up its recruiting package in the chase for elite financial advisers, but the deal falls short of those recently offered by two top rivals.
When it comes to controlling client assets, LPL Investment Holdings Inc.'s recent IPO registration offers clear proof that the remaining four wirehouse broker-dealers still dwarf the more diverse galaxy of independent broker-dealers.
