The Securities and Exchange Commission recently began a "sweep" of investment advisory firms to gather information about their use of social media. (Read: <a href=http://www.investmentnews.com/article/20110214/FREE/110219962>'SEC said to 'sweep' advisory firms'.)</a>
The Securities and Exchange Commission's appointment of Eileen Rominger, an 11-year veteran of Goldman Sachs Asset Management, as its new director of investment management, marks the first time in decades — if ever — that the agency has named an industry executive with no legal background to the position.
Assets to the RIA channel have more than tripled over the last ten years, a trend that is 'redefining the way investment advice is delivered'
Retirement plan clients seem to want it all — and these days, they're asking plan advisers what they can do for their participants in terms of guidance.
In a move that some say could disenfranchise smaller firms, the Financial Industry Regulatory Authority Inc. plans to revamp its district committees
Financial adviser training and compliance expenses could become more onerous for broker-dealers -- if the Department of Labor applies its proposed fiduciary rule to IRAs
Measure dramatically raises amount families can dole out tax-free; 'take it while you can'
Wells Fargo & Co. may expand by taking over non-bank companies, including wealth-management or insurance businesses, chief executive officer John Stumpf said.
With megabanks besieged by regulators and facing a public backlash over the 2008 credit crisis, portfolio managers increasingly are looking at smaller banks as a value play in the financial services sector
Wilmington Trust Co., the Delaware bank founded by the du Pont family and being bought by M&T Bank Corp., sued three former company vice presidents who defected to Citigroup Inc., allegedly with proprietary data.
With an eye toward addressing the industrywide challenges of effective client profiling, Omyen Corp. has developed the Personal Financial Index
Disciplinary actions brought by Finra grew 13% last year to 1,310, from 1,158 in 2009, according to a study
“Well done is better than well said,” was Benjamin Franklin's wisdom on accountability
Does providing a list of options constitute advice?
IRI report is pre-emptive strike against possible tax change
Judges back earlier decision dismissing litigation against SRO; plaintiff's claim regulator misled members about NASD/NYSE merger
Survey finds U.S. citizens still not overly interesting in stashing cash away
On Wednesday and Thursday of this week, Complex Managers at Morgan Stanley Smith Barney were told to participate in a conference call (the Wednesday call was repeated on Thursday) which was entitled: Compensation Communication Day Training. The slides, delivered by Human Resources, detailed how 2010 bonuses were being structured.
