In the name of investor protection, we urge the Securities and Exchange Commission to exercise its rulemaking authority to require brokers to act in their clients' undivided best interests at all times. We are also reiterating our call for the SEC to recommend to Congress that the jurisdiction of the Financial Industry
Blackstone Group LP's Byron Wien, who called the bottom for U.S. stocks in 2010 while failing to predict the ensuing rally, said economic growth and 10-year Treasury yields will approach 5 percent this year and gold will surge above $1,600 an ounce.
Mark Casady, CEO of LPL, is in line for a big payday when the indie B-D goes public. | <a href=http://www.investmentnews.com/article/20101104/FREE/101109955>LPL's star reps will pocket millions, as well</a> | <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20101105&Category=FREE&ArtNo=110509999&Ref=PH&Params=Itemnr=1>Top five biggest winners from the deal</a>
The news that Apple CEO Steve Jobs is taking yet another medical leave of absence could trigger a massive sell-off by shareholders when the market opens on Tuesday. That, in turn, could create a great investment opportunity for advisers and their clients.
Private placements require a higher level of scrutiny than listed securities, so advisers need to know who is doing the auditing and whether independent due diligence is being conducted. <i>InvestmentNews</i> News Editor Bruce Kelly explores some of the risks and issues engulfing the industry.
Custodial firms have been raising the compliance bar for registered investment advisers, in some cases making it tougher for them to find a home.
Mike Durbin, president of Fidelity Institutional Wealth Services, has his work cut out for him.
In a Washington where Republicans are ascendant — taking over the House and increasing their Senate numbers to a level that ensures filibuster success — the term “regulation” is unpopular.
Morgan Stanley's enormous brokerage and retail distribution network set it apart from other Wall Street titans. And right now, that's not such a good thing.
The leader of one of the country's most politically influential business organizations in a speech today criticized what he called a “regulatory tsunami” in Washington that represents the “biggest single challenge to jobs … and the future of American enterprise.”
<i>The webcast “Forecast 2011,” was held Dec. 7 in New York. The transcript was edited to acknowledge passage of the Obama-GOP tax compromise. It was moderated by deputy editor Evan Cooper and senior editor Jeff Benjamin. </i>
With big investments in emerging markets and convertible securities, Loomis Sayles' Bond Fund is yards ahead of Pimco's Total Return Fund in 2010. But don't worry about Bill Gross -- he's still having a pretty good year.
Tax law a boon to wealthy savers who convert traditional retirement accounts to Roths this year
Steve Wild defends embattled firm, citing indemnification from private-placement lawsuits; in a different class
Here's something to think about the next time you pick up a call on your iPhone: the device you're holding may soon be the signature product of the most valuable company in the world.
Like other brokerage firms, The Charles Schwab Corp. is known to be self-protective about its discount brokerage customers. And like other firms, it has sued former brokers whom it suspects of violating prohibitions against soliciting clients.
Reverse convertibles boomerang on unsuspecting clients; SEC examining brokers' fees
