The total comp doled out to Morgan Stanley's brokerage unit rose 41% in the first nine months of the year. The reason? Mostly, guaranteed payouts to Smith Barney brokers.
The U.S. Securities and Exchange Commission said Andrew “Buddy” Donohue will leave the agency in November after serving more than four years as director of the Division of Investment Management.
Bob McCann says the Swiss bank plans to pare additional costs at its wealth management Americas unit -- and still improve advisory services for clients. Can the former Merrill Lynch exec pull it off?
American Funds, which is a unit of The Capital Group Cos. Inc., has come out with only two mutual funds in the past decade. The new offering, called the American Funds Global Balanced Fund, is set to make its debut Feb. 1.
Securities America Financial Corp. has reached an agreement to absorb 45 registered reps — with roughly $500 million in assets — from Equitas Financial Advisors Inc.
A New Jersey financial adviser who admitted stealing more than $1 million from eight elderly clients has been sentenced to 68 months in federal prison.
JPMorgan Chase & Co. had a big third quarter, with profits spiking by 23% -- but it also appears to have had a successful quarter, and year, recruiting financial advisers.
A Kirkland financial planner who looted her clients' investment accounts was sentenced to six years and eight months in prison by a federal judge who praised her for cooperating after she got caught.
Seattle celebrity stole nearly $9 million from 38 clients; surrenders three homes and dozens of vehicles
An unexpected visit by an ING Financial auditor uncovered a potential scam at Breard & Associates Wealth Management. Now, infomercial star Rhonda Breard faces fraud charges.
