A lawsuit filed by Deutsche Bank Alex. Brown against a team of top-producing brokers who are leaving the firm for Barclays Wealth Management has been settled.
MF Global Holdings Ltd. missed a shot in January 2008 to stop the broker whose unauthorized trades a month later cost the firm $141 million and helped start a slide that wiped out $3 billion in shareholder equity.
Now that the Securities and Exchange Commission has unofficially declared Goldman Sachs Group Inc. to be the big bad wolf of the 2007-2009 financial crisis, what should investors do?
As the debate over financial regulatory reform heats up in the Senate, the fiduciary-standard issue simmers on a back burner, though its backers haven't abandoned hope of seeing its inclusion in a final bill.
The world is in the middle of a “multiyear resetting of the global economy,” Mohamed El-Erian, PIMCO CEO and co-chief investment officer, said at a news conference in London today.
Regional brokerage firms and some independent investment advisers have been making hay hiring hundreds of discontented wirehouse brokers.
Stifel Financial Corp., which has been expanding its Stifel Nicolaus & Co. retail- brokerage business aggressively, is about to make a push into serving registered investment advisers.
Stocks are retreating from their highs after Spain became the latest European country to have its debt ratings cut by Standard & Poor's.
The number of net new reps and advisers at the B-D declined considerably during the first quarter. Still, the company's CFO says the swing to independent advice is a 'longer-term trend'
Herb Stein was Chairman of President Nixon's Council of Economic Advisors between 1972 and 1974.
A Congressman wants to know if the fraud charges filed against the Wall Street titan have anything to do with the finanical reform bill pending in the Senate
It's now or never for financial advisers to get their voices heard as Congress fleshes out the final details of the financial services reform bill.
Spectrem Group also found that retirement accounts such as defined-contribution and defined-benefit plans rose 18% to $9.3 trillion in 2009, up from $7.9 trillion in 2008
West Hollywood fund manager put clients' money towards improving his financial situation, not their's
Ex-Credit Suisse Group AG broker Eric Butler can remain free while he appeals his securities-fraud conviction, a judge ruled, overturning another judge's decision.
InvestmentNews has now released its latest independent broker-dealer rankings, which can be viewed here. Below are two lists on the average payouts at the largest independent broker-dealers, based on information that InvestmentNews has gathered directly from the firms that have participated in the annual survey.
The Securities and Exchange Commission has taken a big gamble by going after The Goldman Sachs Group Inc. Wall Street's premier investment bank has the will and legal firepower to fight back.
Count mutual funds and their investors among the big losers in the legal battle between the SEC and The Goldman Sachs Group Inc.'s broker-dealer unit.
The SEC's fraud suit against Goldman Sachs could trigger additional probes of collateralized debt obligations and lead to stricter regulation of the financial services industry
