The regulators won't actually set compensation. Instead, they would review — and could veto — pay policies that could cause too much risk-taking by executives, traders or loan officers.
U.S. prosecutors in Virginia plan to step up pursuit of financial fraud cases, taking advantage of a court holding two years ago that their district has jurisdiction over crimes linked to federal securities filings
Richard Ziegelasch and Wendy Holmes, who managed $258 million in client assets, are on the move to Credit Suisse
Firms will never admit that they lost somebody good or admit that they hired somebody bad.
Rush “Rusty” Benton, who founded WealthTrust LLC in 1997 to buy majority stakes in independent wealth management firms, is stepping down as chief executive officer of the company and will assume the new role of chairman, he said Thursday.
An amendment floated last week by Sens. Arlen Specter, D-Pa., and Ted Kaufman, D-Del., that would impose criminal penalties on broker-dealers for violating fiduciary standards is giving the senators a way to vent frustration with Wall Street.
Arlen Specter's call for criminal penalties is sure to draw fire from Republicans on the hill and lobbyists in the Senate reception room
State Street Global Advisors tabs former Goldman and Barclays executive to head its defined contribution business
Between the latest inspirational ad circulating on national television narrated by that silver-tongued Peter Coyote and all my compatriots writing about them [yes, I'm talking about your iPad for advisers coverage Bill Winterberg], I just knew I'd get a press release like this any day now.
The former Maxim Group broker allegedly lied to Merrill about his book of business, then purportedly made off with a $780K inducement loan
Indicted financier R. Allen Stanford was sued by a unit of American Express Co. for $115,712.79 in back credit card debt.
Edward Brokaw, a former Deutsche Bank AG broker, was barred from the securities industry for manipulating the price of Monogram Biosciences stock in an effort to enrich a hedge-fund client, himself and his family, the Financial Industry Regulatory Authority said today.
Best-selling author claims lavish compensation rewarded bankers for the wrong things
When he was mayor of New York, Ed Koch often would ask constituents, “How am I doing?”
Natalie Choate, a retirement planning expert with Nutter McClennen & Fish LLP, talks with Morningstar's Christine Benz at the InvestmentNews Retirement Income Summit about the new rules that apply to an annuity when it's purchased inside an IRA.
Douglas Johnson and Daniel Legan jumped to UBS and joined the firm's Indian Wells, California office.
The Financial Research Corp. is recommending that target-date funds sharply curtail riskier investments well before they approach maturity — based on the assumption that investors will roll over their assets.
Living longer has its price, study finds
The Employee Benefits Security Administration is planning to publish a compliance checklist for target date fund selection this spring
