Unintended consequences of capital markets regulation or legislation are the biggest fears harbored by equity traders at money management firms, a new report from consulting firm TABB Group says
In the wake of recent disastrous blowups of high-commission private placements, some broker-dealers are anxious about whether their advisers should sell the offerings.
When introduced about a decade ago, account aggregation was touted as a major adviser solution.
Will Wells Fargo end up doing the right thing?
The scent of money that drew many professionals to jobs on Wall Street has been dissipating, according to a survey of out-of-work finance folk.
A judge in Los Angeles Superior Court pushed back a lawsuit against AIG from a financial planner who once worked for an AIG broker-dealer.
American International Group Inc. chief executive Robert H. Benmosche's reported threat to quit two weeks ago — and subsequent pledge to continue his work at AIG — sets the stage for a battle over pay curbs while underscoring the enormous challenges AIG still faces, observers say.
As states propose and pass rules for oversight of life settlement transactions, industry participants wonder just how far the Securities and Exchange Commission will reach into the market to provide uniform guidance on disclosure and broker registration.
Bank of America is having such a hard time finding a new CEO that some analysts are wondering if Ken Lewis might have to stay past his planned Dec. 31 departure.
Federal regulators voted Wednesday to require companies to reveal more information about how they pay their executives amid a public outcry over compensation.
Americans are more likely to turn to family members and friends — rather than advisers — for financial advice, according to data from Sun Life Financial Inc.
Easygoing Charles Johnston does not have the celebrity star power of the executives who run the other brokerage houses on Wall Street.
Sweeping regulations to tame Wall Street and protect consumers in dealings with lenders are on the verge of passing the House but their fate is hardly sealed.
The SEC is backpedaling on a proposal that would require advisory firms that deducted fees from client accounts to undergo costly surprise audits.
The economic downturn is hurting the associations that represent financial planners, investment advisers and big brokerages.
Opposition is mounting to proposed legislation — which is scheduled for a vote in the House tomorrow — that would harmonize regulations governing broker-dealers and investment advisers.
Large brokerage firms that are part of bank holding companies could be forced to review their compensation arrangements for brokers and advisers as a result of a pay proposal put forward Thursday by the Federal Reserve Board.
The Financial Services Institute Inc. is now clamoring for a self-regulatory organization to oversee investment advisers.
A suburban Philadelphia man will spend a year and a day in federal prison for selling high-risk securities to four Pennsylvania school districts.
After a decade of pushing fee-based services, Wall Street is slashing and burning the infrastructure that has supported the business.
