Like E.F. Hutton, PaineWebber and Dean Witter, the venerable name of Smith Barney is likely to be relegated to the ash heap of Wall Street history
Whopping bonuses, exorbitant salaries encouraged risk-taking, leverage; 'poachers better paid than the game-keepers'
No matter how you slice the data, Commonwealth Financial Network LLP comes out as one of the top independent broker-dealers in the nation — and a big part of that success has been its technology.
Affluent investors are just as anxious about having enough money to retire as everyone else.
It didn't take long for Daniel Gallagher, the SEC's newest commissioner, to disagree with the agency's chairman, Mary Schapiro.
Commission asks Congress for powers to handle cases administratively; no risk of consent agreements
Judge rejected initial $285M deal; money only place for 'any latitude'
Rakoff seems skeptical of deal with SEC; down this path before
Cites lack of performance at LifeCompass, lack of continuity at Schwab Target
So far, star analyst's prediction of disaster for tax-exempt sector way off the mark; other made similar forecasts
Dire predictions off the mark as key indicators continue to surprise; 'missing the underlying strength'
Facing tremendous economic pressure and regulatory hurdles, small and midsize broker-dealers will continue to close, leaving hundreds and perhaps thousands of registered representatives and investment advisers seeking new homes for their books of business next year, executives and consultants said.
A bit of Southern hospitality mixed with big-city benefits has helped Atlanta remain an ideal place to build a wealth management business, even though it is still recovering from an economic downturn.
Good news for advisers, but influential pol also plans to defend Dodd-Frank in his final days in office
On Wall Street, fortunes can be made and lost over the course of a trading day, and firms such as MF Global can collapse in a week
Tuition and fees skyrocket as cash-strapped legislatures look to fill budget gaps
California is closing its adviser-sold Section 529 college savings plan and folding its $283 million in assets into the state's much larger direct-sold plan, after failing to find a company to manage the adviser-sold plan.
Stiefel Labs accused of repurchasing shares without disclosing true value of the firm — or its imminent sale to pharma giant; charges denied
Industry groups want the SEC to review and possibly eliminate many of its regulations — including self-regulatory-organization rules.
