TD Ameritrade’s Tomczyk: Still no plans to buy E*Trade
Tomczyk says discount brokerage still has no plan to buy E*Trade; the company could authorize a dividend at some point, however.
Broker who stole $780K from Merrill Lynch pleads guilty
Former Merrill Lynch & Co. broker Steven Mandala, who was charged with stealing $780,000 from the firm, partly to buy a Ferrari, pleaded guilty to grand larceny and identity theft, his lawyer said.
Ben Stein: Investors goofed trusting big banks
'Wall Street was just lying their heads off to us,' says economist and former quiz show star
Will regulators make securitizers eat their own dog food?
Congress and the SEC could require ABS packagers to hold some asset-backed securities on their books. Wall Street is not thrilled by this idea.
FDIC shuts down four more banks
The amount of toxic debt held by banks may be declining. But as the closure of four banks over the weekend showed, bad loans are still rippling through the financial system.
Mixing friends, family with business is a danger
Clyde Wyatt managed his father's money for about 18 months before he was abruptly dumped for another adviser: His own son Chris.
Why ‘Undercover Boss’ wouldn’t play in the brokerage world
This new reality TV show is a hit. Just don't expect to see any financial services CEOs starring in future episodes.
Chummy OTS blew it on WaMu: Senate panel
According to a new report, Washington Mutual provided the largest chunk of funding for the federal agency that oversaw the thrift. Yesterday, a Senate panel said that arrangement was less than ideal.
Social media for beginners
Somewhere between the hype and the compliance-driven negativity lies the truth about social networking for financial advisers: the technology offers great potential.
Cuomo on Hank Greenberg’s denial: ‘Incredible and irrelevant’
The N.Y. AG scoffs at the former AIG boss' claim he knew nothing about sham transactions between the insurer and Gen Re
Obama health plan a threat to sellers of long-term medical insurance
The CLASS Act, which sets up a government-run insurance program, survived the tortuous health-care debate in Congress. But experts can't predict how — or if — the controversial program will work
Slain UBS adviser feared for her life: Report
Longtime Merrill Lynch adviser Shele Danishefsky Covlin was issued an order of protection against her estranged husband just days after filing for divorce
<b>Editor’s pick</b>: The most expensive cities for your practice
Thinking of starting your own practice, re-locating, or opening up another office? Before you set up shop, here's the rundown on the most expensive cities in the country for office space.
HighTower rep tied to $1.4B Ponzi scheme
A broker at HighTower Advisors LLC, the startup with the sterling pedigree, has been sued over the sale of private notes into a feeder fund for what turned out to be a massive Ponzi scheme.
SEC’s new adviser exam plan: ‘We simply show up’
Unannounced exams of advisers — based on tips and complaints — are replacing pre-planned visits, says compliance big at securities regulator
Advisers turning to study groups for support
More than ever, they want advice on hiring, firing and other practice-management issues
SEC reviews mutual funds’ use of derivatives
The Securities and Exchange Commission is reviewing the use of financial derivatives by mutual funds, exchange-traded funds and other investments to determine whether new protections are needed for investors.
The right way to fire your clients
Breaking up, as the song goes, is hard to do — even when it comes to adviser-client relationships.
A delicate situation: Acquiring practices of the deceased
Is it appropriate to try to acquire the clients of a fellow financial adviser who died without a successor?
SEC: Real estate trade group exec ran investment scam
Renee Brown is president of the Real Estate Securities Investment Association. She also co-founded a due diligence firm.This week, the SEC charged her with bilking investors
