New wealth management firm recruiting from big firms; 'lot of unhappy people there'
In a move that highlights its increasing emphasis on enforcement, the Certified Financial Planner Board of Standards Inc. has hired its first director of investigations.
Federal lawmakers are pressing officials of the Securities Investor Protection Corp. to reimburse its Ponzi scheme victims.
Finra awards bank executive $870,000 over suitability of TW Tax Advantaged Fund
Morgan Keegan, the brokerage being sold to Raymond James Financial Corp., lost its bid to be dismissed from an $8 billion lawsuit brought by Canadian insurer Fairfax Financial Holdings Ltd.
Merrill Lynch will pay $1 million to settle Finra claims it circumvented rules that require arbitration before disputes go to court
Broker-dealer powerhouse LPL on Wednesday announced it's rejiggering its top brass. The main move: firm veteran Esther Stearns is being moved out to head a new subsidiary.
Case appears to be headed for settlement after judge issues dismissal order; Reich was former NY district director
No idea about tax benefits of the accounts, or maximum contributions
Growing number of defections seen over specific issues; whose side you on, anyway?
Demand for alternative investments is on the rise, with clients eager to funnel money into real estate, private placements and hedge funds. But with nagging custody issues, plus regulatory warnings, few advisers can meet the growing number of requests.
SEC, money market reforms get D's; 'put politics aside'
UBS AG, Switzerland's biggest lender, said Robert J. McCann, the head of wealth management Americas, was the highest-paid member of the executive board in 2011, receiving total compensation of 9.18 million Swiss francs ($9.9 million).
Regulator says Reich was fired because he failed to supervise subordinates or exercise leadership; he's suing for age discrimination
A former district director filed a lawsuit against Finra. The cause? Reportedly, he claims he was terminated and replaced by a younger person.
Low rates, unenthused DIY investors are to blame
