A New Jersey-based financial adviser has admitted operating a scheme that defrauded investors of more than $9 million.
William Blair & Co. LLC and two ex-brokers at the firm have been socked with a $1.1 million arbitration decision that centered on two brokers' setting up a phony e-mail address where they sent statements from the brokerage account of an 88-year-old widow.
With the Labor Department stepping up scrutiny of conflicts of interest and fee disclosures, broker-dealers are becoming concerned about how their reps handle rollover assets from 401(k) plans.
Swiss tax authorities said Tuesday they have notified the first 500 clients of Swiss bank UBS AG whose names they want to hand over to the United States for alleged tax cheating.
State and federal prosecutors have charged seven people in an alleged securities scam that cheated dozens of people out of $17 million.
Finra has opened up its checkbook to lobby Congress for authority over investment advisers.
The Obama administration has formed a new task force to target financial fraud — replacing an earlier corporate fraud task force.
A senior House Democrat said Tuesday the government didn't force Bank of America to take over Merrill Lynch, but Republicans charged that a committee inquiry was covering up the role of an Obama administration official.
A key state insurance official has called upon the life settlements industry to keep Main Street policyholders in mind — or else.
Investment advisory groups, state regulators and consumer advocates last week cheered a pledge by the House Financial Services Committee's chairman to defeat a measure that could expand Finra's reach over advisers.
The industry effort to regulate financial planning as a profession has support from within — but it won't escape opposition from other sects of the financial services community, several industry leaders said today.
If you had a good mix of stocks and bonds in your retirement account and you left it alone through the market madness of the past year, more than likely you're in good shape now.
Money managers are fighting legislation that would — for the first time — subject the roughly 4,000 firms associated with broker-dealers to regulation by the Financial Industry Regulatory Authority.
Branch Managers have quotas to hit: Are they being honest with you about why it is so important for you to join before year-end?
Research In Motion Ltd., makers of BlackBerry smart phones, is encouraging users to upgrade to a new version of its BlackBerry Messenger application.
Cisco survey finds nation's businesses probably unprepared for working remotely in times of disaster
Hamilton Software Inc. has released Nest Egg Early Retirement Pro, a standalone downloadable program designed to assist users — knowledgeable individual investors and advisers alike — in planning specifically for the goal of early retirement.
Nicolas Cage is being sued by his former business manager, who claims lavish spending, not his advice, is to blame for the actor's financial problems.
The Securities and Exchange Commission would be required to issue rules prohibiting or limiting mandatory-arbitration clauses in securities contracts under draft legislation introduced last week by Senate Banking Committee Chairman Christopher Dodd, D-Conn.
