Finra wants broker-dealers to disclose the revenue-sharing deals they have with mutual funds
An SEC rule proposal that would raise the net-worth thresholds at which advisers would be allowed to charge performance-based fees would likely cut into the bottom lines of smaller hedge funds, private-equity firms and some registered investment advisers
A Massachusetts federal court judge has quashed a motion by Prudential Insurance Co. of America to dismiss a lawsuit alleging that the insurer had wrongfully held on to veterans' death benefits instead of paying them out in a lump sum
Claim Barriger misused fund's assets and issued false statements about returns
Wells Fargo dramatically rejiggered its regional management set-up — with five execs losing their positions. According to a bank spokesman, the move is intended to help Wells 'realize the efficiencies of the merger with Wachovia.' One of those efficiencies: Cross-selling to Wachovia clients.
The Fed Reserve's quantitative easing is finally about to end. S&P analyst Michael Souers says this could be a real a boost for Treasuries with less lengthy maturities. Retirees, take note.
According to sources, the Manhattan DA's office has slapped Goldman Sachs with a subpoena. The district attorney is said to be examining the bank's activities right before the financial meltdown in 2008.
House Republicans last week formally began their effort to roll back parts of the Dodd-Frank financial reform law, with a House Financial Services subcommittee approving several bills that would reverse some of the measure's mandates, including one that requires private fund advisers to register with the Securities and Exchange Commission
Finra hiked its lobbying expenditures in the first quarter of this year
The SEC has hired a former Janus Capital Group Inc. portfolio manager to help oversee the $2.8 trillion money market fund industry, a new position.
They suddenly begin focusing on retirement income, says adviser at the InvestmentNews Retirement Income summit
Robert W. Baird & Co. Inc. is opening up an office in Salt Lake City to offer financial advice with the help of Dean Cottle, a veteran wirehouse complex manager from Morgan Stanley Smith Barney LLC.
For 11 years, John Kinnucan was a stock analyst, digging information out of low-level contacts in the computer industry and selling it to clients.
Money managers are seeing some immediate fallout from the high-profile FBI raids of Wall Street firms in the past week — and that could create a buying opportunity.
The Securities and Exchange Commission has alleged that an independent broker-dealer that was a leading seller of allegedly fraudulent private placements failed to conduct reasonable investigations into the offerings — and pocketed fees for due diligence without adequately researching the instruments
BrightScope Inc.'s new free website, which allows investors to look up financial advisers, already has sparked controversy
Lender making big push to win ultra-wealthy clients, with ex-Wells execs leading the charge
Wolin says many investors don't know if they're dealing with an investment adviser or broker
Clients in less-populated areas will be left to get their advise from talking heads
