Finra president Richard Ketchum says brokerages must make certain reps understand how complex financial instruments work -- before hawking them to clients.
Regulator claims marketing material produced by B-D was misleading; settlement reached
Industry regulator shelled out more than $300K in first quarter; entire financial industry spending big bucks bending ears
Brokers are up in arms about what they say is an increasing number of fines for innocent trade-reporting errors.
Looking at a portfolio manager's track record is one thing, but understanding how he or she achieved it, and whether it can be repeated, is another story and something that financial advisers should consider when selecting funds for their clients, according to those who study investor behavioral trends
It is no secret that many middle-class Americans aren't saving enough for retirement, but according to financial advisers, a surprising number of their higher-income clients are in the same predicament and need help to turn things around
Neuberger Berman Group LLC, a money manager that was part of Lehman Brothers Holdings Inc., was ordered by an industry regulator to pay about $4 million to three clients who bought structured notes backed by the failed investment bank
Finra is continuing to shake up the way broker-dealers show the value of illiquid investments such as nontraded real estate investment trusts and private placements on clients' account statements
Creditors left holding the bag after Jefferson County goes bust; 'catastrophic mistake'
California eyes selling muni debt in $25 denominations; lower buy-in designed to attract more investors
After S&P lowered ratings on thousands of municipal bonds earlier in the week, traders braced for a massive selloff. They're still waiting.
JPMorgan boss dismisses analyst's claims, says banks can cope with mounting presssures
MSRB warns against price manipulation in the wake of possible credit downgrades
HMOs, even Apple undervalued, fund manager says; mess in Washington will get straightened out
Like the President, Republican leaders gave thumbs up to TARP, prescription drug plan, foreign wars; 'plenty of blame to go around'
State hedging against possible credit market chaos; lowest-debt rating of all 50 states
Who will bag Securities America? Sources say Ladenburg and Cetera are leading the pack that's pursuing the struggling B-D. But a PE firm is also thought to be sniffing around the Ameriprise unit.
Tax breaks for investments and savings look to be prime targets for lawmakers; 'the fight is coming'
The ratings of four major life insurers with pristine Aaa ratings are likely to hold steady, provided the U.S.'s government bond rating doesn't fall by more than one rung.
Neuberger Berman Group LLC, the money manager that was part of Lehman Brothers Holdings Inc., was ordered by an industry regulator to pay about $4 million to three clients who bought structured notes backed by the failed investment bank.
