Through its recently announced purchase of National Retirement Partners Inc., LPL Investment Holdings Inc. is set to enter the demanding and competitive market for smaller to midsize retirement plans.
Five years before a series of Medical Capital Holdings Inc. private placements disintegrated — wiping out $1.1 billion in investor cash — securities regulators were already concerned about the lack of audited financial information for the deals.
In a highly unusual legal maneuver in its battle with Massachusetts securities regulators, Securities America Inc. is requesting that other broker-dealers that sold the private-placement investments of Medical Capital Holdings be issued subpoenas — a move designed demonstrate that Securities America met industry standards when 400 of its affiliated brokers sold close to $700 million of now worthless MedCap notes to clients.
RBC Wealth Management unit will pay $690,000 to resolve a brokerage regulator's claims that a U.S. unit sold unsuitable financial products to elderly clients and others with modest net worth.
Citigroup Inc., the bank 12 percent- owned by U.S. taxpayers, said profit surged, beating analysts' estimates as the company reduced loan-loss reserves by $1.99 billion.
A government report revealed that exchange-traded funds got hit worse than any group of securities in the market plunge of May 6. How bad was it? Close to 160 ETFs temporarily lost all their value. Now, regulators are looking at ways to safeguard these 'new derivatives.'
What Lloyd Blankfein failed to tell Sen. Levin: Investors place bets on risky securities all the time. Why do they do this? Read the headline again.
Hiring marks one of the first since Peter Kraus replaced Lewis A. Sanders as CEO in December 2008
Host of marquee names back call for applying fiduciary standard to all advisers
Ask J. Christopher Donahue what his biggest business fear is these days, and the Federated Investors Inc. president and chief executive talks about regulatory uncertainty and 'stray bullets.'
JPMorgan Chase & Co. posted strong earnings in third quarter, and it also had a successful quarter — and year — recruiting financial advisers
At first glance, financial advisers seem to be about as suited for farm life as Lisa Douglas, the overdressed socialite who was dragged from her Manhattan penthouse to a farm in the hit TV show “Green Acres.”
Looming hike marginal tax rates makes 2010 a good time to take bigger distributions, say advisers
TD Ameritrade Institutional on Tuesday rolled out what the firm says is an expanded set of services to help its advisers offer unbundled retirement plan solutions.
Alan Greenspan, the former Federal Reserve chairman, says Uncle Sam's massive deficit is 'scary.' He offers some tough solutions.
Bill Gross, the Pimco co-CIO, says that the "best route to prosperity is the good old-fashioned route": investing in production.
The industry self-regulator agreed to three of seven proxy proposals from Amerivet Securities, but it rejected a plan to let members vote on the pay of the agency's top officials. Not surprisingly, Amerivet says this battle is not over.
When the Internal Revenue Service names a transaction “Robs,” that can't be good.
The SEC is examining the burgeoning business of financial advisers' selling model portfolios of exchange-traded funds.
