Plaintiff's attorneys who are suing Morgan Keegan & Co. Inc. over its failed Regions Morgan Keegan Select bond funds are in an uproar about what they claim is the firm's cover-up of embarrassing documents.
Rockefeller & Co., Inc., the wealth management firm that has been looking for a chief executive since the suicide of CEO James McDonald last fall, has changed its name to Rockefeller Financial.
Goble barred from securities industry for illegal transaction; co-founded FIA
The Massachusetts Securities Division today filed a complaint against Securities America Inc., charging that the broker-dealer and subsidiary of Ameriprise Financial Inc. misled investors when it sold them private-placement securities.
Financial advisers to some private-equity funds fear that efforts to reduce systemic risk in the financial markets, a key theme of the massive reform bill signed into law last week, are unfairly targeting them.
With their day-to-day business practices likely to change as a result of the new financial-reform law, broker-dealers are scrambling to assess their technology preparedness.
Goldman Sachs & Co. has agreed to pay $550 million to settle civil fraud charges that accused the Wall Street giant of misleading buyers of mortgage-related investments.
A securities industry regulator investigating abuses in mortgage-linked investments has focused on the activities of Morgan Stanley, Barclays PLC and Credit Suisse Group AG, a person with direct knowledge of the matter said.
The Securities and Exchange Commission has proposed eliminating the 12(b)-1 label, instead requiring fund firms to disclose 'marketing and service fees.' Those charges would be capped at 25 basis points.
It seems these days that half the headlines in the financial media fear a double-dip recession, as do half the conversations on Wall Street.
Review reveals internal marketing materials drew regulator's attention; this year, sales to seniors, private placements on the radar
The deal adds about 100 Ridge clients to Penson's base of 297 brokerage firms, making it the second largest correspondent clearing firm in the securities industry.
When it comes to controlling client assets, LPL Investment Holdings Inc.'s recent IPO registration offers clear proof that the remaining four wirehouse broker-dealers still dwarf the more diverse galaxy of independent broker-dealers.
LPL Investment Holdings Inc. today said it has sealed the deal with the executive who has overseen the company's growth and its march to an IPO.
Selling away is one area where Finra is likely to bring more cases, said Jim Shorris, executive director of enforcement at the regulator
How could a jury convict three ex-traders for selling, and three former executives of a day-trading firm for buying, real-time access to the firm's internal intercoms?
A full decade after first proposing to revamp form ADV Part 2, the Securities and Exchange Commission is set to approve revisions to this key disclosure document this week
Deputy Treasury Secretary Neal Wolin said the reforms would ensure that markets are “creative, competitive … and far less prone to panic and collapse.”
'We expect to move forward quickly,' says Robert Cook, director of the division of trading and markets'; single standard of care ahead?
