Finra wants to replace 5% policy with principles-based guidelines; enforcement could be a 'monumental task'
Section 401(k) of the Internal Revenue Code went into effect in 1980 and subsequently launched what has become the largest private-sector retirement plan in the United States.
The ICI and unions are going toe-to-toe over whether mutual funds pose any major systemic risks to the U.S. financial system -- and if the mutual fund industry needs extra oversight
Absent true reform, and eager to jack up profits, some Wall Street firms will once again make risky bets -- and probably crap out
On Monday, Sen. Christopher Dodd unveiled his latest plan to clamp down on financial services providers. On Tuesday, bankers and their lobbyists descended on Capitol Hill. A connection?
Federal Reserve Chairman Ben Bernanke urged Congress Wednesday to let the Fed keep all of its banking oversight, arguing that information gleaned from that process helps the central bank guide the economy.
Fleming's comp package included $1.4M in cash, and nearly $4M in deferred cash; took over at brokerage in January
Pressure is mounting to prop up the sagging Social Security system. Requiring workers to set aside some money of their own may be the solution.
With two of the most severe bear markets of this century fresh in their short-term memories, affluent investors — particularly the youngest investors — appear to be quite skittish about investing in anything but the safest of asset classes.
A new health insurance tax credit could hit some small financial advisory firms in their sweet spot — but only if they fit a specific profile
The Securities and Exchange Commission has found itself in the cross hairs of House Republicans determined to deny it the funding it says it needs to implement the many mandates called for by the Dodd-Frank reform bill
Finra is proposing to drop its 5% markup-markdown guideline, which can be traced back to the 1940s.
There has not been a lot of news coming out of this year's Technology Tools for Today conference (it is being held in Weston, Florida this year).
Independent broker-dealers depend on hiring new advisers to keep their businesses growing -- and in 2011 they're likely to ramp up recruiting in the first half before the onset of new Dodd-Frank rules, according to an <i>InvestmentNews</i> analysis.
Among the largest independent broker-dealers, Commonwealth Financial Network has the highest concentration of financial advisers who produce more than $500,000 annually, according to InvestmentNews <a href=http://www.investmentnews.com/section/broker-dealer-data>data. And it's reached the top by getting people out the door: Namely, its advisers.
A cash strapped independent broker-dealer that sold $65.3 million in high-risk oil and gas private placements is seeking to combine 36 separate arbitration claims and lawsuits as part of a class action settlement
Brokerage firm Edward Jones this week announced that it plans to add up to 20 branch offices to the more than 60 it has in the state of Utah.
Mobile application sure to attract attention from users of Apple's ubiquitous smartphone
