Firm had out-of-date procedures and delayed handing over email records to examiners, Connecticut securities regulators said.
Wirehouse CEO looks to reduce compensation to 55% of revenue from around 60% as brokers do more banking and lending.
Wasatch Funds' Sam Stewart invokes legendary football coach Woody Hayes in reviewing the first quarter and says that today, sticking to the basics in a slow-growth economy with unprecedented monetary stimulus is the way to go.
New study shows that individuals who have been out of work for extended time contribute just as much once hired
Primary risk for wealth managers is when a hacker poses as a client and manipulates accounts.
A pension fund has sued JPMorgan Chase & Co. and CEO James Dimon, accusing the bank of creating “a culture of lawlessness” that led to billions of dollars in settlements tied to mortgage-backed securities and Bernard Madoff's Ponzi scheme.
Mike Mayo, the analyst who sparred at JPMorgan Chase's 2013 investor day with chief executive Jamie Dimon, challenged the bank at Tuesday's event about the logic of holding an asset-management business.
A trade group's study says tough competition between fund managers is driving fees down — but investors still may not be getting a good deal. Compare your fees to the averages.
Appeals court reinstates arbitration panel's ruling that had been vacated by lower court.
New taxes on foreign bank accounts and investments aim to limit tax evasion, but at what cost?
Regulator emphasizes need for investors to clearly understand products' risks as they search for higher yields.
<i>Breakfast with Benjamin</i> The (awesome) value of Twitter. Plus: J.D. Power's annual survey of advisers' job satisfaction, mid-year stock review, yes, ETF cost matters, bringing back volatility, and a car maker returns.
On Friday's menu: Inflation without wage growth: Cause for concern? Plus: The Fed has painted itself into a corner, consumer stocks are likely to take a hit, bracing for Treasury yield volatility, silver outshines gold in June, and how to live to be 100.
On Wednesday's <i>Breakfast with Benjamin</i> menu: The Fed dons rose-colored glasses. Plus: Junk bond yields get scary low, commodity hedge funds fall out of favor, what you need to know about stock buyback ETFs, and the inequality mob is driving the rich to hoard cash
Custodian's “Lending Ball” tech tool finds matches for securities lending.
Eric Cantor's demise will increase partisan tension in Washington; for investment advisers, whose issues are usually ignored by lawmakers who don't understand their industry, it makes pushing their agenda even more difficult.
New annuities offer uncapped exposure to equities plus downside protection. "It's been a game changer," one exec says.
Financial advisers often ask me how they can persuade their clients to delay collecting Social Security benefits.
Smarsh survey finds 88% of firms issue mobile devices to employees who use them to IM, text and tweet.
'Near ubiquitous' social-media use drives growth in a nascent market, research firm reports
