Morgan Stanley, owner of the world's largest brokerage, reported a third-quarter loss of 7 cents a share after writing down a stake in Revel Entertainment LLC, an Atlantic City casino project.
B-Ds' account statements come under scrutiny; further guidance from regulator possible
Black Diamond Performance Reporting today is expected to announce the availability of a new application specifically designed for the Apple Inc.'s iPad.
Industry group cobbling together best practices for private placements; sponsor-supplied reports not sufficient
A little-known provision within the Dodd-Frank law gives the Securities and Exchange Commission the power to remove mandatory-arbitration language from client-broker agreements, which could expose broker-dealers to huge costs, according to observers
Dozens of plaintiffs suing brokerage firms this month have seen a veritable gusher of multimillion-dollar awards, leaving some plaintiff's attorneys anticipating a continued stream of such arbitration rulings
Montana's commissioner of securities and insurance has sued Securities America Inc. over the sale of failed private placements, making it the second state to target the broker-dealer for selling the risky investments.
High anxiety abounds as economy, markets stall; detailing the risks of risk-aversion
Proposed change to ERISA expands fiduciary duty to include brokers who advise pension plans
The Republican takeover of the House predicted by key pundits next month would have a major impact on legislation related to retirement plans and the firms that manage their money — but only measures with broad bipartisan support are likely to become law.
Defined-contribution managers bounced back a bit by year-end 2009 from the morose markets of 2008 as assets under management rose 19.7%
Chalk up another hard-earned lesson from the financial crisis: Investors in limited partnerships, the structure of choice for most alternative investments, discovered that giving up liquidity in exchange for higher returns wasn't such a good idea after all.
Through its recently announced purchase of National Retirement Partners Inc., LPL Investment Holdings Inc. is set to enter the demanding and competitive market for smaller to midsize retirement plans.
Five years before a series of Medical Capital Holdings Inc. private placements disintegrated — wiping out $1.1 billion in investor cash — securities regulators were already concerned about the lack of audited financial information for the deals.
In a highly unusual legal maneuver in its battle with Massachusetts securities regulators, Securities America Inc. is requesting that other broker-dealers that sold the private-placement investments of Medical Capital Holdings be issued subpoenas — a move designed demonstrate that Securities America met industry standards when 400 of its affiliated brokers sold close to $700 million of now worthless MedCap notes to clients.
Finra tells Peak Securities to pay $400K to settle a claim over a private placement sale for Medical Capital. The kicker: hundreds more complaints loom as irate investors look to recoup losses from questionable Reg D offerings
Claim provision was written by litigators who don't want the law to work; 'disqualification office'
RBC Wealth Management unit will pay $690,000 to resolve a brokerage regulator's claims that a U.S. unit sold unsuitable financial products to elderly clients and others with modest net worth.
Were three awards totaling $25.1M in past two months a coincidence? Some attorneys don't think so
