The latest scandal at UBS may be causing headaches for the bank's advisers right now. But in the long run, a re-emphasis on serving rich clients -- rather than chasing investment banking business -- could be a good thing for the company and its wealth managers. | <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110802&Category=FREE&ArtNo=802009999&Ref=PH>Wirehouse rankings: Average assets per rep</a> | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110922&Category=FREE&ArtNo=922009999&Ref=PH>The richest states</a>
New York City mayor tells Washington to let Bush tax cuts expire for good of the country
U.S. Representative Barney Frank urged members of the congressional committee charged with reducing the U.S. budget deficit to impose a risk-based fee on large banks with over $50 billion in assets and hedge funds with over $10 billion.
An independent broker-dealer has taken a flyer on an Occupy Wall Street protester.
Texas regulators say Byrne ignored order issued in 2005
Shortly before Jack Herstein gave his inaugural address as president of the North American Securities Administrators Association Inc. last week, a House subcommittee concluded a hearing about draft legislation that would authorize one or more self-regulatory organizations for investment advisers
Karen Fischer, a Boca Raton, Fla.-based compliance consultant, has won a small-firm seat on the Financial Industry Regulatory Authority Inc.'s appeals board.
Trusting people carries risks. Finding better ways to mitigate and manage these risks is a continuing challenge for individuals, institutions and society at large. Sometimes, however, the best learning opportunities arise when trust breaks down
Investment advisers should get set for higher compliance costs — as well as a self-regulatory organization, said Chet Helck, chief operating officer for Raymond James Financial Inc.
It was a day of unexpected twists on Capitol Hill. During a congressional hearing today, Securities and Exchange Commission Chairman Mary Schapiro voiced support for a self-regulatory organization to oversee investment advisers. Meanwhile, a leading Republican expressed support for increasing the SEC budget.
Karen Fischer, a Boca Raton, Fla.-based compliance consultant, yesterday began circulating petitions to small broker-dealers in order to get on the ballot for a seat on the National Adjudicatory Council.
Barney Frank says Republican "nickel and diming" of SEC, CFTC "does grave harm."
PCAOB to charge broker-dealers more to monitor firms' auditors
The push for increased oversight of the financial investment and advice industry may have gotten an unexpected boost
Over the past few months, the budget supercommittee has been wrestling with ways to reduce the yawning U.S. deficit. During that time, a key GOP lawmaker has repeatedly said 'failure is not an option' for the bipartisan panel. Apparently, it is.
With 2011 sales of life insurance products up just 4% over last year, carriers and producers would be well served by mining social networks to step up growth.
Don't see magic fading following passing of company co-founder; 'creative spirit is still there'
Uncle Sam's paper up 26% this year; given troubles in Europe, demand not 'waning anytime soon'
