WASHINGTON — U.S. investors could face reduced protections if the Securities and Exchange Commission loosens restrictions to allow foreign brokerage firms to offer securities in the United States, according to some speakers last week at a daylong SEC public meeting on cross-border regulation.
Public-service spots starring “Savingsman” and his canine companion "401k-9" won three Emmy awards.
In a bid to stand out among their peers and to be more competitive in the marketplace, an increasing number of small to midsize independent-contractor broker-dealers are offering sophisticated compensation plans, including stock ownership, to their affiliated registered representatives.
IRVINE, Calif. — A debate is brewing over the establishment of retail-sales-practice guidelines for structured products.
J. Thomas Bradley Jr., president of TD Ameritrade Institutional, is feeling the heat from financial advisers as he tries to balance their concerns and the demands of his parent firm, TD Ameritrade Holding Corp., to continue to increase assets.
Postnuptial agreements are gaining popularity as an estate-planning tool, and some hedge funds and private-equity firms have asked their top executives to sign them to protect their companies in case of a messy divorce, according to attorneys and financial advisers.
In an effort to charge up its top registered representatives and financial advisers, Raymond James Financial Services Inc. is giving bonuses to its biggest-producing brokers.
Aiming to forestall defections and address merger-related anxieties, Wachovia Securities LLC and A.G. Edwards Inc. announced broker retention packages Friday.
Brokers at A.G. Edwards Inc. won’t have to worry about losing their wealthy clients, according to Stan Kelly, president of Wachovia Wealth Management.
Lehman Brothers Holdings Inc. said that it has raised $1.5 billion for its new Lehman Crossroads Fund XVIII fund-of-funds.
Morgan Stanley is looking at investing in between two and three fund-management companies in China, according to MarketWatch.
Brokers at A.G. Edwards and Wachovia Securities got details of their retention packages today.
Goldman Sachs Group Inc. will purchase a stake in ICICI Financial Services in Mumbai, India, published reports said.
Bear Stearns today said its earnings dropped, while Goldman Sachs reported a slight decline in revenues.
The Bear Stearns Cos. Inc. is liquidating holdings from a recently formed hedge funds after it lost money on subprime mortgage bonds.
To rev up its top reps and advisers, Raymond James is giving bonuses to its biggest-producing brokers.
Fidelity Investments has sold nearly all of its shares in Dow Jones & Co., the target of a $5 billion takeover bid by Rupert Murdoch’s News Corp.
James Livingston has been tapped as CEO of National Planning Holdings, replacing Shawn Dreffein.
