In a huge blow to SagePoint Financial Inc., one of three broker-dealers that make up the AIG Advisor Group Inc., its largest group of reps and advisers is walking out the door following a bitter dispute over group's role and future at SagePoint.
The SEC's announcement last week that it is launching an investigation of the municipal bond market is aimed at increasing transparency and weeding out conflicts of interest.
The leaders for major securities exchanges have agreed in principle to a uniform system of "circuit breakers" that would slow trading during periods of intense market volatility, Federal regulators said Monday.
U.S. regulators face pressure to show they have a grip on stock markets that are increasingly fragmented and dominated by computers after last week's plunge fueled lawmaker concerns about electronic trading.
Target date funds are marketed as age-appropriate diversified portfolios and promoted as sophisticated, easy-to-use funds.
Wells Fargo Advisors, UBS, MSSB and Merrill Lynch made personnel changes this week
Geithner and Paulson are testifying at a hearing Thursday of a special panel investigating the crisis and a so-called "shadow" banking system.
Former major leaguers Rondell White and Cliff Floyd have filed a $12.5 million lawsuit in federal court against two New Jersey financial advisers, alleging they lost millions of dollars in a real estate development deal.
The financial regulatory reform legislation sought by the Obama administration, mired just weeks ago in a partisan congressional logjam, is likely to be passed by early summer, with major implications for the securities industry, a leading industry lobbyist said last week.
Online brokerage also facing a welter of arbitration claims over bond fund implosion
Wall Street banks are seeking exemptions to proposed new financial derivatives rules that could shield more than half the trades that should be subject to disclosure, a federal regulator said Thursday.
Why 20 advisers shelled out $300 apiece in hopes of finding ways to use social-media in their respective businesses.
Investors are nervous about the Greek bailout, but they're nervous for the wrong reasons. Yes, it is possible that other debt-ridden European nations may soon beg for bailouts. But that's just a small part of the story
Citigroup Inc. won dismissal of a lawsuit by six former brokers who said they shouldn't have to pay back the balance on their signing-bonus loans totaling $1.51 million.
Proposed regulations that would limit the way that financial advisers are compensated for working with retirement plans are forcing broker-dealers to reconsider how their -representatives sell and advise retirement plans.
Federal prosecutors have charged a former Plymouth financial adviser with fraud and tax charges stemming from allegations that he stole $4.3 million from clients.
