Citigroup Inc. won dismissal of a lawsuit by six former brokers who said they shouldn't have to pay back the balance on their signing-bonus loans totaling $1.51 million.
Proposed regulations that would limit the way that financial advisers are compensated for working with retirement plans are forcing broker-dealers to reconsider how their -representatives sell and advise retirement plans.
Federal prosecutors have charged a former Plymouth financial adviser with fraud and tax charges stemming from allegations that he stole $4.3 million from clients.
Discussing long-term health care insurance is difficult but necessary
Andrew Lo, a professor of finance at Massachusetts Institute of Technology, says it's normal for clients who suffered huge losses to continue to have difficulties making logical decisions
Memo from firm to congressional staff members questioned whether the plan might actually hurt investors
Meanwhile, regulatory fees were up by 10.5% in 2010; overall, regulator posted $55M net profit
A Berkshire director says Warren Buffett is 'not concerned' about his massive investment in the Wall Street giant, despite the stock's recent losses | <a href= http://www.investmentnews.com/apps/pbcs.dll/section?category=advisercommunity&plckForumPage=ForumDiscussion&plckDiscussionId=Cat%3a3eccdd60-6dc9-4da5-99ea-8c411eeadc3fForum%3a673a3c8f-4a68-4cb5-8010-611c600b9f0cDiscussion%3a39465fdd-cf5d-4131-b99f-c8abb27559e2>Adviser chatter: Time to buy or sell GS stock?</a>
The value of Warren Buffett's options to buy Goldman Sachs Group Inc. shares dropped by $950 million after regulators sued the bank for misleading clients on the sale of securities tied to the subprime mortgage market.
<i>InvestmentNews</i> last month invited a group of people to our office in New York for a frank discussion about retirement.
An often overlooked, but valued industry measurement.
The indie B-D industry took a giant step backward last year, with the largest 25 firms collectively reporting a 10.3% drop in gross revenue. <a href= http://www.investmentnews.com/apps/pbcs.dll/section?category=specialreporttemplate&issuedate=20100423&sid=BD0426> View the exclusive IN special report</a>
Let the whole story out, come clean with what happened, and you might come out of this with your reputation and franchise intact.
John Hailer, president and chief executive of the North American operations of Natixis Global Asset Management, fired off a letter to the head of the Employee Benefit Security Administration.
Donald Anthony Young, an investment adviser who headed Acorn Capital Management LLC, was charged with running a $25 million Ponzi scheme, prosecutors said.
Permanently barred by Finra in 2008, adviser signed up clients anyway, Ohio claims; citizens group wants him out as town treasurer
Check out the latest top ten list based on IN's new independent broker-dealer rankings
As the debate over financial regulatory reform heats up in the Senate, the fiduciary-standard issue simmers on a back burner, though its backers haven't abandoned hope of seeing its inclusion in a final bill.
Regional brokerage firms and some independent investment advisers have been making hay hiring hundreds of discontented wirehouse brokers.
