Commission aims to beef up reporting requirements for broker-dealers that custody assets
The Securities and Exchange Commission has named Jennifer McHugh, a senior adviser to Chairman Mary Schapiro, the acting director of the Division of Investment Management, replacing Andrew J. “Buddy” Donohue, who left his post on Nov. 19.
UBS AG's retail-brokerage operations in the United States lost $63.8 million pretax in the second quarter, reversing a pretax profit of $14.3 million in the first three months of 2010.
Working with advisers over the years, I've seen firsthand how creating and executing a solid succession plan can be fraught with pitfalls
Democrats may not be happy with the Administration's plan to revive the levy, but there may not be much they can do about it. Here's how things shake out right now.
<i>The following is an edited transcript of the webcast “<a href=http://www.investmentnews.com/apps/pbcs.dll/dcce?Site=CI&Date=20101026&Module=18&Kategori=webcasts&Class=18&Type=ACTIVE_WEBCAST&ID=2502244&Selected=4>Making the Switch to State RIA Regulation</a>,” held Oct. 26 in New York. It was moderated by news editor Bruce Kelly and reporter Mark Schoeff Jr.
Marovitz allegedly relied on inside info when trading shares in his own brokerage accounts; said to have lost 'substantial sums of money'
In the final installment of this four-part series, <i>InvestmentNews</i> examines how advisers' relationships with 75+ year-old clients is changing considerably.
End-of-life planning seen raising awareness of issue; living will crucial
In yet another example of “innumeracy” when it comes to retirement adequacy, the Bipartisan Policy Center — which insists that affluent people will retire rich and don't deserve tax breaks — has proposed tackling the deficit by halving the amount that employers and employees can contribute to 401(k) accounts
An enormous number of women aren't getting the help they need to navigate major life changes
Their numbers are small, but more and more advisers are starting to see value in recording video commentary for use on their websites, as well as in communications with clients
JPMorgan Chase & Co., Bernard Madoff's “primary banker,” was sued for $6.4 billion by the trustee liquidating the imprisoned con man's former firm.
Investors are still miffed with the securities industry for the havoc that resulted from the credit crisis. Financial advisers are somehow escaping that wrath.
The Securities and Exchange Commission will have to forge ahead with the dozens of studies and regulations called for in the Dodd-Frank financial reform law without any extra funding until at least early March.
Judge rules in favor of only fund firm that refused to settle class action; 'last man standing'
Morgan Stanley, the sixth-largest U.S. bank by assets, has told some employees to expect investment banking bonuses to decline 10 percent to 30 percent, according to two people briefed on the matter.
Democrats take dead aim at $5M exemption, low rate; .14% of estates would owe taxes under Obama's proposal
Influential lawmaker seeks to raise rate on gift tax; 'may disperse some people'
