The SEC, the CFTC and the FTC also filed lawsuits against Alex Mashinsky and his crypto lending company.
The House Financial Services Committee heard testimony on 18 bills that would curtail SEC efforts or otherwise restrict ESG considerations.
The big wealth manager palms off 'low value' clients in Australia.
The median retirement account balance among Gen Xers is just $10,000, NIRS found.
The Senior Citizens League increased its estimate for the 2024 cost of living adjustment to 3%.
Broomall, Pennsylvania-based David W. Rodgers moves for “breadth and depth of services.”
The proposed rule would require certain brokerages to compute the net cash they owe customers and other B-Ds on a daily, rather than weekly, basis.
A year after the firm's decision to give advisors more flexibility, 700 Edward Jones financial advisors, or more than 3%, now work in combined offices.
The regulator won't require 'swing pricing' for money funds after fierce pushback from the industry.
Studies have shown that most people will benefit from an advisor's assistance, realizing a 4%-plus increase in their yearly return, even after fees.
Offering employees an ownership stake can give you a valuable tool to attract and retain great people, and it often makes internal succession much easier.
This marks the third Texas acquisition this year for Captrust, which now has 69 deals on the books.
The SEC is due to finalize its rules Wednesday with Wall Street now expecting a victory on a key component.
The settlement sends an uncomfortable message to retirement plan advisors and other fiduciaries, an observer says.
Hot on the heels of the Presley family’s document drama, a similar quarrel was decided this week in court regarding the last wishes of Aretha Franklin, who died in 2018.
The firm was also ordered to return $8.25 million to retail customers.
According to the SEC and Finra, for years Merrill botched the reporting threshold for potential suspicious transactions.
The bureau will keep $90 million, with the rest going to consumers, Office of the Comptroller of the Currency.
Bellini will oversee finance, legal, HR and business operations at the company, which is rebuilding executive leadership after a spring shakeup.
There's new pressure on advisors to clearly demonstrate the value they deliver to clients, and technology will play a key role.
