The five registered representatives who filed a $36 million arbitration claim against National Financial Services LLC, a giant in the clearing industry and business unit of Fidelity Investments, face a daunting task to win their claim, according to industry attorneys.
The collapse of Brookstreet Securities Corp. last month is likely to spawn dozens of arbitration claims from investors facing losses that, in some cases, run into the millions, according to one plaintiff’s attorney familiar with the matter.
Schwab's bundled 401(k), Index Advantage, will offer 40 low-cost funds covering about 16 asset classes
After regaining the House majority in last year's elections, Republicans haven't been shy about raising their newfound voices.
The financial services industry may have thought it notched a win when Assistant Labor Secretary Phyllis Borzi pulled a proposed regulation that would have expanded the definition of “fiduciary” when giving advice to a retirement plan.
Finra chief executive Richard Ketchum has a lot on his plate — a situation for which he has no one to blame but himself.
Industry-sponsored research says cost to firms would skyrocket if SEC is replaced by SRO
A battle in California over whether representatives at two broker-dealers are employees or independent contractors could have far-reaching implications at independent broker-dealers across the country
Knowing when to apply for benefits can greatly alter what you get
Fifty-five million Social Security beneficiaries can look forward to a 3.6% cost-of-living adjustment in 2012.
The independent-contractor-brokerage industry continues to see consolidation.
Rumors are swirling that Legent Clearing LLC is about to be bought by private-equity investors — just months after a previous attempt to buy the firm failed.
Shortfall may be twice what was previously estimated; 'close to exhausting the funds'
LPL Financial LLC will soon take the wraps off a major technology initiative intended to appease its 12,799 reps and advisers.
While most of us are already well on our way to breaking our New Year's resolutions to lose weight, exercise more or declutter our desks, here are some ideas for resolutions that financial advisers might want to consider — and stick to — for 2012.
This year has meant big changes for some superstar financial advisers, with the latest, Ric Edelman, expressing his deep displeasure with the economics of the independent-brokerage business
Larry Roth is chief executive of Advisor Group, the independent-broker-dealer subsidiary of American International Group Inc. In that role, he oversees more than 600 employees who serve 4,800 financial advisers affiliated with FSC Securities Corp., Royal Alliance Associates Inc. and SagePoint Financial Inc.
State and local governments not nearly out of the woods, analyst says
