Finra is spending hundreds of thousands of dollars this year to lobby Congress to authorize a self-regulatory organization for investment advisers — a role that it would like to fill itself
Regulator hits Workman Securities with $700K fine; also sanctions execs at other firms that sold several soured private placements
<a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&issuedate=20100423&sid=BD0426&djoProjId=10994&djoRecordId=290006>QA3 Financial Corp.</a>, an independent broker-dealer that was a leading seller of high-risk private placements over the last decade, in a recent lawsuit said its insurance carrier was pushing it into bankruptcy by failing to back up its coverage.
A quarter of America's metropolitan areas have jobless rates of 10% or more, above the national average, and many won't see jobs return to pre-recession levels for years.
The trustee liquidating Bernard L. Madoff's defunct investment firm asked a judge to authorize payments to him and his law firm of $43.2 million for four months' work, bringing total fees sought in the case to $175.5 million since Mr. Madoff's arrest
Hughes Hubbard & Reed LLP were paid $19.2 million in fees and $284,451 for expenses from June 1 through Sept. 30. High fees in the liquidations of the Lehman brokerage, and of the jailed Ponzi-scheme operator Bernard Madoff's firm, might deplete the $2.5 billion fund of the Securities Investor Protection Corp., an audit found.
John Hancock's new fiduciary program for high-end advisers beats coming regulation to the punch
A federal certification would strain resources; some simple approaches help
By the time the clients get a halfhearted call from someone whom they have never met, asking them to keep their business with the firm, they have already heard a much more compelling argument from someone that they are used to trusting: their adviser
How would you like to fly on a personal jet, belong to a fancy country club and have a personal trainer — all on someone else's dime?
Scrutiny over whether broker-dealer representatives are employees or independent contractors is heating up again in California as a bill works its way through the state Legislature that would punish firms for willful misclassification
The Ohio Division of Securities issued a notice that it intends to file a cease-and-desist order against a banned broker who allegedly continued to act as an investment adviser
Seeking to enlarge its footprint in the small- and midmarket-retirement-plan area, Neuberger Berman LLC has brought on a trio of wholesalers
There were 316,812 buy trades placed in the retail-municipal-bond market last month, according to data from BondDesk Trading LLC
The SEC's action last week in setting new deadlines for midsize financial advisers' switch to state registration should assuage many about the lack of a clear timetable
BondWorks already in beta with 20K customers; new wealth management platform three years in the making
A Fidelity survey of married couples finds that they aren't on the same page when it comes to retirement planning, finances.
A raft of likely new taxes and rising taxes will hit the well-off hard in the wallet, say planning experts. How hard? Some can expect double-digit hikes. Yikes.
Report indicates nearly 50 have bolted since firm has zeroed in on stability, liquidity of fund firms
Planned regulations will hike the standard of care for those who advise DC plans. That should give RIAs a good chance of picking off assets from brokers and wirehouse advisers.
