They offer a lump sum in exchange for pension income and engage in other questionable practices.
Morningstar reached an agreement with Business Logic, which had filed an intellectual property lawsuit against the research firm.
Employment may be headed for a "breakout year."
Business Logic Corp., a managed accounts software firm, is suing Morningstar Inc., claiming the company illegally replicated some of its software
Advisers support a move by the CFP Board of Standards, led by chairman Ray Ferrara, to ensure that advisers are accurately describing their compensation on its website, but they continue to have concerns about pay definitions.
From improperly storing client data to misusing document management systems, here are the top mistakes technology experts see advisers making.
Agency approves rule to throw more candidates into nonpublic pool.
SEC approves Finra background check rule; expanded requirement faces industry pushback but could help firms avoid rogue hires.
Plus: Janet Yellen's dovish optimism, Ernst & Young's $4 million lobbying settlement, how Citigroup agreed on that $7 billion figure, and QE has had almost no impact on unemployment
June FOMC meeting minutes shows policy makers on watch for too much risk taking, examine QE exit plan.
Year-old RIA backed by Raymond James making a splash with former Morgan Stanley brokers
Patricia Miller promised clients high yields if they went into “investment clubs.”
Skeptics raise their voices as the central bank continues to exit quantitative easing while denying rising prices.
<i>Breakfast with Benjamin:</i> Barclays tagged for HFT. Plus: A looming 401(k) crisis, the marriage math for gay couples, the fuzzy math of inflation data, tapping into the fracking boom, and Russian stocks are not for the meek.
Thirty-one of 37 brokers at IAA Financial, partly owned by Finra board small firm rep Kevin Carreno, came from firms Finra had expelled.
Agency says Scott Valente convinced 80 investors in upstate New York to turn over $8.8 million in the last four years.
Former SAC Capital Advisors LP hedge fund manager Michael Steinberg was sentenced to three-and-a-half years in prison for insider trading, capping one of the biggest victories for prosecutors who spent seven years investigating the firm and its boss, Steven A. Cohen.
On the menu for today's <i>Breakfast with Benjamin</i>, European economic growth falls short of economists' expectations, plus news on Citigroup, ETFs and much more.
Five former aides to Bernard Madoff who spent decades working for his firm were found guilty of helping run the biggest Ponzi scheme in U.S. history, a $17.5 billion fraud exposed by the 2008 financial crisis.
