UBS Financial Services Inc. said it hired Thomas G. McLoughlin, former chief executive officer of National Public Finance Guarantee Corp., as head of municipal bond research for its Wealth Management Americas unit.
Congressional negotiators today approved the most sweeping overhaul of U.S. financial regulation since the Great Depression, reshaping oversight of Wall Street.
Bank of America Corp. is re-branding its online-discount-brokerage platform under the Merrill Lynch imprint in an attempt to attract young investors, and reclaim assets of Merrill clients who keep self-directed brokerage accounts at rivals such as Charles Schwab & Co. Inc. and TD Ameritrade Holding Corp.
Although retention bonuses and deferred-payment recruiting packages have locked many top-producing brokers in place at wirehouses, a substantial number are still looking to break free.
The Labor Department today issued much anticipated fee disclosure rules for providers of services to employee pension benefit plans.
After spending the July 4 recess studying the 2,300-page overhaul measure, Sens. Scott Brown, R-Mass., and Olympia Snowe, R-Maine, announced yesterday that they will support the bill.
An important milestone has been reached on the path to the professionalization of financial advice with the inclusion of language in the financial-reform bill which would authorize the SEC to issue rules to extend the fiduciary standard to broker-dealers providing advice to retail clients.
Rules by themselves are never an answer.
A bankruptcy filing in the U.K. by the embattled BP would likely leave U.S. taxpayers holding the bag. No wonder a White House officials dubs such a scenario a 'horror.'
Investors are taking advantage of a loophole that lets them use their pension money to invest in new businesses -- tax free. But snares await
Forget new regulations -- just dangle a bigger bone in front of Wall Street watchdogs
As one 401(k) provider rolls out enhanced fee disclosures for plans, rivals are keeping a close watch on upcoming regulations that will likely require them to follow suit.
The groups also claim the Labor Department is stepping outside the bounds of ERISA by claiming the authority to define what investments are appropriate for plans
Crawford says legislation gives states a voice on oversight council
Fabeetle.com, a website that allows clients to rate, review and research financial advisers, has the potential to become a third-party search and marketing hub for both consumers and advisers that one day could compete with Finra's BrokerCheck.
Former brokers with disciplinary records are going to find it harder to cover their tracks if the Financial Industry Regulatory Authority has its way. Today, the brokerage industry's self policing body proposed further expansion of broker information available through its free BrokerCheck service.
A small but growing number of vendors are tackling the problem of exerting control over social networks within the financial services industry.
'We gave the SEC the power to do it', the Congressman said just moments before the House passed the financial-reform bill. 'And they're going to do it.'
