The Public Company Accounting Oversight Board voted today to charge fees on 640 B-Ds to help pay for examinations of their auditors. Non-custodians may get off the hook, though.
Schwab's new bundled 401(k), Index Advantage, will offer 40 low-cost funds covering about 16 asset classes.
Massachusetts securities regulators filed a trio of actions today against investment advisers who defrauded customers out of millions of dollars
CFTC officials tell Senate panel they're still searching for the failed B-D's funds
A pair of former MF Global Holdings employees have filed a class action lawsuit against former CEO Jon Corzine and 11 other senior executives and directors over misleading them about the condition of the company.
Making it to the top of Goldman Sachs brings wealth, prestige — and apparently a waiver from Finra from taking the broker exams it regularly requires of others in the securities industry
Welcome to the New Year. The annual surge in gift giving and receiving — and returning — is behind us, which means that many of the children and grandchildren of your clients are sitting with more money than they had a month ago.
Deal with Actifi should help custodial unit speed up adviser work processes and improve efficiency
If Dale Brown were a movie producer instead of a lobbyist for independent broker-dealers, he might be preparing a sequel.
Firings down, manufacturing up; economy gaining momentum going into 2012
Schapiro hints at allowing advisers to charge commissions, push proprietary products; 'business-model neutral'
Bachus bill put on the back burner; still gathering responses from industry
Tax proposals from the Republican presidential candidates favor one group
TD Ameritrade Institutional has attracted a record number of breakaway brokers to its custody platform during the fiscal year ended in September
A federal judge's approval this month of a class action settlement is good news for representatives from Securities America Inc. whose disgruntled clients named them in arbitration complaints over sales of private placements that went bust.
In its quarterly report yesterday, LPL revealed news that definitely makes a splash: It's paying $27 million for the assets of National Retirement Partners Inc. The broker-dealer announced the acquisition last month.
National Retirement Partners Inc. was ordered to pay a $2 million arbitration award to two former financial advisers who were let go by the firm after it bought their practice.
