Santander Securities agrees to pay $2M to settle charges brokers sold unsuitable investments to the elderly
According to a source, Securities America has offered arbitration plaintiffs about 50 cents on the dollar to settle their claims over Red D offerings that went bust
Rumors have resurfaced that <a href=http://www.investmentnews.com/section/recruiting-moves?joiningsearch=Wells+Fargo+Advisors+LLC&search=&leavingsearch=&stateMultiSearch=&statesearch=>Wells Fargo & Co.</a> is talking with UBS AG about acquiring the Swiss bank's retail-wealth-management operations in the U.S.
Smaller firms smacked by increased costs from audits, uncertainty over rule; 'this is a mess'
<i>The following is the weekly commentary of Jeffrey Kleintop, chief market strategist at LPL Financial, for the week of February 28, 2011. For more, <a href=http://lplfinancial.lpl.com/Documents/ResearchPublications/Weekly_Market_Commentary.pdf> click here.</a></i>
Higher interest rates are likely to result in insurers' sweetening their fixed-indexed-annuity offerings this year as they try to catch a wave of renewed investor interest
Corporate-owned life insurance is on the chopping block as President Barack Obama releases his 2012 budget
Lawsuit claims insurer profited mightily off retained-asset accounts; lump-sum payment or not?
I continue to be concerned about credit conditions and the underlying fundamentals of the U.S. economy.
Guggenheim Partners LLC, an investment firm founded by the famous family for which it is named, announced today it is acquiring Security Benefit Corp. — and with it Rydex SGI.
There has been no better place in the U.S. government bond market since 2008 than in debt that protects against faster inflation
Growth on protected value cut back; company cites low interest rates
Genworth Financial Inc.is exiting the variable annuities market.
Securities America Inc. was dealt a costly legal blow on New Year's Eve when a Finra arbitration panel awarded almost $1.2 million in damages and legal fees to a client who sued the firm and a broker over the sale of private placements that regulators have alleged were fraudulent.
Securities America Inc. and the Massachusetts Securities Division locked horns last week over the regulator's charges that the firm misled 60 investors in the state who bought $7.2 million in Medical Capital notes from the firm's reps.
Broker-dealers without big corporate parents or the ability to tap public markets are making an all-out effort to raise capital, in some cases turning to their own clients for financing.
Raymond James & Associates must face a lawsuit claiming it defrauded buyers of auction-rate securities, the first class-action complaint following the market's 2008 collapse to survive a judge's initial review.
The ormer chairman and chief executive of UBS Financial Services Inc. and its PaineWebber predecessor, is weighing a return to retail brokerage
Bring on the fiduciary standard. In a recent InvestmentNews survey of almost 600 advisers, registered reps, financial planners, insurance agents and others, 69.2% said that they agree with the SEC's staff recommendation that any financial professional giving personalized investment advice be deemed a fiduciary
Twenty-two lucky youngsters from across the country, recipients of scholarships from Sun Life Financial Inc., were able to rub elbows with Miami Dolphins wide receiver Davone Bess and tennis star Venus Williams last weekend
