The Goldman Sachs Group Inc. is suing seven former employees of its private-wealth-management division who joined Credit Suisse Group AG for “pirating” the bank's clients and reps.
Warren Buffett earns millions of dollars of dividend income every quarter even though Berkshire Hathaway Inc., his insurance and investment company, has never made a payout.
Enforcement director follows Robert Errico out the door at industry watchdog
Can you solve a global debt crisis by issuing more debt?
Donald Kohn, the second-highest ranking official at the Federal Reserve, announced Monday that he will leave at the end of June, giving President Barack Obama a chance to put a bigger imprint on the central bank.
The fate of a lawsuit brought by two brokerage firms against NASD over its 2007 merger with the New York Stock Exchange's regulatory unit could be decided this month.
HighTower Advisors LLC chief Elliot Weissbluth last week shrugged off a “lift-out” lawsuit filed against the firm last month by Morgan Stanley Smith Barney, calling it baseless.
Nearly 90% of financial advisers who took part in a recent survey said that they recommend Section 529 college savings plans to their clients.
Facing intense pressure from securities regulators and investors, Morgan Keegan & Co. Inc.'s legal fees have skyrocketed during the past two years to $251 million, leaving some industry observers shocked.
In an attempt to pull further away from the transactional nature of annuity sales, brokerage executives are using tools to help their financial advisers fit product sales into a planning context.
Many financial advisers who attended the Technology Tools for Today conference last week are looking to squeeze as much money as they can from their precious technology budgets.
The recent Supreme Court decision makes pay-to-play regulations unconstitutional — or at least, that's the take of one securities attorney. Others don't see it that way.
If you had money in the stock market over the past decade, you probably agree that it was one bumpy experience. It might lead you to think your retirement account didn't fare too well. A new study by Fidelity Investments shows consistent contributions and staying in the market paid off for many, but the gain was due more to a commitment to saving than stellar market performance.
The Labor Department by the end of the month is likely to issue new rules governing investment advice given to 401(k) plan participants, Assistant Labor Secretary Phyllis Borzi said last week.
The Securities and Exchange Commission is appealing a ruling that prevents it from sanctioning former officials of self-regulatory organizations.
The financial crisis took a toll on 529 college savings plans, but plan participants are for the most part staying put and looking to the future, according to the results of an exclusive InvestmentNews survey, conducted for and presented today at the College Savings Foundation conference.
An Indian man has pleaded guilty to participating in a scheme to access online brokerage accounts to jack up stock prices and reap thousands of dollars in illegal profits.
As part of his plan to limit the size of banks, President Barack Obama today proposed prohibiting financial institutions that own banks from investing in or advising hedge funds or private-equity funds.
While brokers who provide advice will likely be held to a fiduciary standard this year, a battle is raging on Capitol Hill over what that standard would look like and how it would work.
Although the number of brokers who change jobs in 2010 won't approach the level seen during the financial crisis, expect this to be a good year for broker recruiting.
