When clients ask Yale Levey to forecast how the tax code might change next year, his answer is invariably the same: “I have absolutely no idea"
Ameriprise Financial Inc. is willing to spend nearly $200 million to bail out its beleaguered independent-broker-dealer subsidiary, Securities America Inc., because the spectacle of its collapse would be a huge embarrassment for the financial planning giant and draw the ire of regulators, according to securities industry experts
Broad outlines of the debate over comprehensive tax reform are starting to emerge on Capitol Hill
Securities America Inc. could go out of business if a federal judge does not approve a $21 million class action settlement related to private-placement litigation against the company
Commission said to be addressing substantial risks in the market that have gone unchecked; 'there's going to be a lot of trouble ahead'
Southwest Securities Inc., which was fined this month over payments to municipal bond advisers, will pay $650,000 to resolve claims of improper short sales that caused a $6.3 million loss for the firm, according to Finra
The Hartford has hired Jackson National Life Insurance Co.'s variably annuity product development chief Steve Kluever.
Steve McGuinness, a nineteen-year veteran at Goldman Sachs, is the latest top exec to bolt from the bank's asset management unit.
Goldman Sachs recently tripled Lloyd Blankfein's base salary. But the Goldman boss says he isn't wild about guaranteed pay, preferring contingent comp instead. You can't blame him. Since, 2000, he's raked in $125M in cash bonuses.
In the next crisis, the roles of Fannie Mae and Freddy Mac will be played by financial services giants
Finra is prepared to spank the broker-dealer arm of one of the largest sponsors of non-traded real estate investment trusts for allegedly failing to meet standards for advertising and keeping client information safe
The good news for Ahmass Fakahany, a former top executive of Merrill Lynch & Co. Inc. is that March 24, a Finra panel awarded him $1.2 million in an arbitration claim against his former firm
Ralph Lambiase, longtime director of securities for the state of Connecticut, will be retiring on Feb. 28. Mr. Lambiase, who has been a regulator with the state for 33 years, announced his departure earlier this month to his staff.
Veteran insurance agent Paul A. Mattus has filed suit against The Allstate Corp., claiming that the carrier had muscled him out of his book of business in order to pass it on to a newer, younger agent.
Two New York congressmen today urged the Securities and Exchange Commission to protect the Securities Investor Protection Corp. fund from insolvency due to excessive trustee fees.
Worried about outlasting your savings? Worry no more; N.Y. Life has you covered
UBS Financial Services Inc. has agreed to pay $10.75 million in fines and restitution to settle Finra allegations that its advisers misled clients about the “principal protection” feature of a Lehman Brothers Holdings Inc. bond product sold a few months before that firm filed for bankruptcy.
The peak of the corporate proxy season is at hand, and advisers should remind their stock-owning clients to vote their proxies
Financial advisers are investing their clients in real estate in a variety of ways. This<i>InvestmentNews</i> special report shines a light on some of the strategies, trip-ups and traps for investing in the asset class.
Dynasty Financial Partners LLC has hired Loren Morris as director of RIA services
