One by one, the groups representing constituencies in the financial services industry have trooped into meetings with SEC officials to present their arguments about whether the commission should promulgate a regulation imposing a universal standard of care for retail investment advice
Securities and Exchange Commission member Troy A. Paredes delivered remarks at the Securities Traders Association's 77th annual conference and business meeting on Sept. 24 in Washington
The biggest risk investors face is becoming too conservative at a time when equities present a potential long-term advantage, according to new research from MFS Investment Management.
A common belief in the financial services industry is that individuals consolidate a large chunk of their assets among fewer providers as they near retirement
The Small Business Jobs Act of 2010 includes a provision that allows certain 401(k) and 403(b) participants to convert their plan funds to a Roth 401(k) or Roth 403(b) within the plan
We've all read (or written) the stories about the average financial adviser, in his or her late 50s, who just can't seem to find the right succession plan.
Reaffirms independent broker-dealers' credit rating as 'stable'; brokerages could weather unexpected downturn
Steve Rattner in fighting mood, as onetime boss of Quadrangle Group tangles with N.Y. AG
The U.S. Securities and Exchange Commission is investigating whether Citigroup Inc. misled investors about the riskiness of some soured debt funds, the Wall Street Journal reported, citing unidentified people familiar with the matter.
UBS AG, Switzerland's biggest bank, will probably report a fourth straight quarterly profit tomorrow and the lowest wealth management redemptions since 2008.
Adviser satisfaction ratings, based on the 2010 J.D. Powers survey
Sluggish recruiting and the continued slow migration of advisers to smaller firms has left the three biggest wirehouses either adding minimally to the work force or watching the head count drop
Hernandez evaded paying taxes on $8.8M; advised wealthy clients on -- yep -- taxes and offshore trusts
The world's richest clients often come with “impossible demands,” push margins down and cause internal conflict with investment banking colleagues, said the vice chairman of Barclays Plc's wealth management unit.
Customers defrauded by Bernard Madoff's Ponzi scheme deserve repayment of as much as $500,000 each, even if they took out more than they put into his investment business, a lawyer argued today to an appeals court.
The court-appointed trustee seeking to recover billions of dollars lost by jailed financier Bernard Madoff sued three entities Thursday to get back more than $30 million that he said the Madoff family had invested, mostly in oil and gas properties and technology companies.
Warren Buffett's Berkshire Hathaway Inc. sold stakes in Home Depot Inc. and CarMax Inc. and cut its holding of Nike Inc. as the billionaire replaced a retiring investment manager and built the company's cash holdings.
Industry regulators have fined Goldman Sachs $650,000 for failing to disclose that two of its brokers, including the executive accused of leading the mortgage securities deal that brought civil fraud charges against the firm, were under investigation by the government.
Famed asset manager says only thing Fed head knows how do is print money; 'throwing petrol on the fire'
