An ex-Lehman Brothers Holdings Inc. brokerage executive took his fight for $19.6 million in bonuses to a higher court after a bankruptcy judge said Barclays Plc didn't agree to be bound by his Lehman contract when it bought the brokerage.
JPMorgan Chase & Co. will settle claims against it brought by Lehman Brothers Holdings Inc.'s brokerage by returning $800 million in cash and securities, according to court papers.
Number of high net worth individuals swells, as markets recover; good two years for Houston
Mobile program allows for document and content management while away from the office
Looks like clear sailing for Aguilar, Gallagher; same can't be said for implementation of financial reforms
Mobile banking is the wave of the future and leading the way are forward-thinking Gen-Y consumers.
The Securities and Exchange Commission staff member who coordinated its study of a universal fiduciary duty for retail investment advice said last Monday that a follow-up regulation won't come until later in the year
The firm is seeking $344K from the ex-broker - and current Hamilton County, Ohio trustee - for alleged 'unauthorized withdrawals' from a client's account.
Latest model to be released in September, sources say; better camera, faster chip
Almost half of over 1,000 adults who said they have a financial plan said theirs hasn't moved beyond the idea stage, 42% have committed their plan to paper and just 11% have basic notes or ideas, such as thoughts scribbled on the back of a cocktail napkin, a recent survey has found.
Ultimately, the government's attempt to balance the budget will slam the under-55 set, says one tax expert. Uncle Sam's plan, says Andrew Friedman, will include an end to FICA caps -- and the debut of means testing when the group becomes eligible for Social Security.
As regulators take their own sweet time coming up with guidelines for social media, the marketplace is coming up with its own solutions for financial advisers
Foreign direct investment in the U.S. increased by 49% in 2010, rebounding from 2009 levels during the height of the credit crunch.
Newbridge Securities to pay $850,000 as part of class action settlement
Finra has walloped five firms for overcharging for postage and handling with almost $1 million in fines.
A majority of surveyed global wealth-management execs said their clients aren't satisfied these days. Indeed, one industry adviser says many clients 'expect a lot more and tolerate a lot less.'
Blame 'pace of society' for inability to reach retirement goals; meanwhile, holiday spending on the rise
Investors prefer to get their retirement income plans in writing, but advisers tend to back away from giving clients a detailed blueprint, a Fidelity Investments survey has found.
Financial advisers, whether solo practitioners or members of a multiperson firm, need to think regularly about whether their technology is keeping pace with their business needs.
In a much-awaited decision, the Supreme Court last week ruled in favor of the mutual fund industry in a case involving a company's responsibility for statements made in prospectuses, eliciting a huge sigh of relief from fund companies, broker-dealers and others involved in selling mutual funds
