Newbridge Securities to pay $850,000 as part of class action settlement
Finra has walloped five firms for overcharging for postage and handling with almost $1 million in fines.
A majority of surveyed global wealth-management execs said their clients aren't satisfied these days. Indeed, one industry adviser says many clients 'expect a lot more and tolerate a lot less.'
Blame 'pace of society' for inability to reach retirement goals; meanwhile, holiday spending on the rise
Investors prefer to get their retirement income plans in writing, but advisers tend to back away from giving clients a detailed blueprint, a Fidelity Investments survey has found.
Financial advisers, whether solo practitioners or members of a multiperson firm, need to think regularly about whether their technology is keeping pace with their business needs.
Aiming to curb the number of individuals who are likely to outlive their retirement savings, the Treasury Department soon will offer guidance on lifetime income options that 401(k) plan participants should have available when they retire
In a much-awaited decision, the Supreme Court last week ruled in favor of the mutual fund industry in a case involving a company's responsibility for statements made in prospectuses, eliciting a huge sigh of relief from fund companies, broker-dealers and others involved in selling mutual funds
For the past decade, many players in the portfolio management and reporting industry have believed in the notion that one size fits all
Finra's proposal with the SEC to register operations staff has not gone over big in the adviser community. Here's why.
Aviva Life and Annuity Co. late last month filed suit in federal court against a handful of life insurance agents, claiming that they fraudulently sold coverage to some 119 church members
Says brokerage unit put conservative clients in unsuitable instruments; bank must pony up nearly $2M in reimbursements
Sources say UBS' $2B trading loss may have been caused by an employee's failure to hedge the currency risks of an exchange-traded fund. If so, expect heightened regulatory scrutiny of ETFs.
Last month, Sallie Krawcheck was elected to one of three large-firm governor's seats at Finra. There's just one hitch. Now that Krawcheck no longer works for BofA, she must quickly find a job at a large firm — or give up the seat.
Aristocracy of banking would have likely gone down the tubes without previously undisclosed Fed money; 'whopping numbers'
Says brokerage told officials in Wisconsin it would take '15 Enrons' to sink $200M investment; CDOs went bust
Bolanis claims Christopher Sargent was putting elderly clients in unsuitable investments; Sargent, Wells deny accusations
Finra panel says brokerage stiffed muni trader who was owed years worth of incentive comp
Despite talk of possible purchase of Morgan Keegan, Taft says bank not eyeing 'transformational deals'
Commission tells JPMorgan securities unit not to do what it told it not to do two times before; third time's the charm?
