Another troubled broker-dealer is closing, but with a twist: The firm is telling its advisers to move en masse to another firm.
After avoiding the pitfalls of disastrous Regulation D deals during the past decade, Commonwealth Financial Network and LPL Financial LLC are contending with potential fallout from a real estate private placement that faces pressure from its creditors.
WFP Secruties is the latest broker-dealer to fold under the weight of private-placement litigation. In this case, the San Diego-based firm is facing $14M in legal claims.
Despite need to raise federal tax revenues, bank believes lawmakers will spare municipal debt
Wells Fargo and BNY Mellon — trustees for Medical Capital Holdings — claim that brokers should not have sold the MedCap private placement to clients. Meanwhile, the banks themselves face litigation stemming from the Reg D offering.
Taking advantage of loan guarantee program intended to help low-income families buy homes; debate now in Congress
In the latest twist in the ongoing saga of Apple REITs sold by David Lerner Associates, plaintiffs claim the B-D used a line of credit and other sources to boost dividend payments beyond what was prudent. | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20110826&Category=FREE&ArtNo=826009999&Ref=PH>Home prices still plunging in these states</a>
Rate on average 30-year fixed loan falls to 4.12%; 'homebuyers are not responding'
Competing priorities and procrastination put life insurance on the back burner; substantial selling opp for advisers
Bond king says governments should look to prime economic pump first, then lower borrowing
While the latest <a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&djoProjStr=24034|24039&issuedate=20110831&sid=RIA>RIA ranking</a> from <i>InvestmentNews</i> shows little change in the top ten, several new firms cracked the list for the first time -- while some notable names fell down the table. | <a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&djoProjStr=24036|24039&issuedate=20110831&sid=RIA>The up-and-comers</a> | <a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&djoProjStr=24029|24039&issuedate=20110831&sid=RIA>Fastest growing firms</a>
Nobel-prize winning economist Joseph Stiglitz said the chances of the U.S. economy going back into recession are “very high,” as unemployment and austerity talk point to a double dip.
Panel must find $1.5 trillion in savings; taxes and entitlements on the table?
Although the debt ceiling bill passed, the national-debt iceberg continues to grow in size, threatening to sink the U.S economy
A special congressional committee created by last week's debt ceiling legislation is unlikely to have the time or the political will to tackle any meaningful tax reforms
Effective date on reg is bumped back to April 1
There is a gaping hole in ERISA regulations that allows many investment service providers to escape fiduciary accountability for the advice that they provide to retirement plan sponsors and participants
A federal circuit court yesterday decided that retirement-plan participants can sue third-party insurers under the Employee Retirement Income Security Act of 1974.
Labor Department proposal would push back the effective date for retirement plan service providers to begin disclosing fees to Jan. 1, 2012
