In the wake of news about a spike in new applications for unemployment benefits comes another potentially troubling sign: A record number of workers made hardship withdrawals from their retirement accounts in the second quarter.
Inability to meet Finra's net- capital requirements will force more small and independent broker- dealers to shut down this year.
The N.Y. attorney general sues Ivy Asset Management, claiming the firm misled customers about investments tied to Bernard Madoff
Wealthy pocket savings, research finds; stock market biggest factor in affluent's spending habits
Analysts question whether planned cost savings will be offset by proposed cap on mutal fund fees
In an apparent first for the retirement industry, John Hancock Retirement Plan Services is now offering 401(k) participants a choice between target date funds that plan for investments “to” retirement and “through” retirement.
Historically, large stocks make biggest gains when confidence in the U.S. economy is at its lowest
Wilmington Trust Corp. reported a wider-than-expected second-quarter loss of $116 million, or $1.33 a share, thanks largely to souring construction loans that continue to plague the regional bank.
Financial adviser Steven Mait was making a left turn in his Coral Springs, Fla., neighborhood last year when a convicted drug offender, driving under the influence of cocaine, oxycodone, morphine and five other drugs slammed into his car and ended his life.
The Dodd-Frank regulatory-reform law aims to reduce the SEC's examination responsibilities by shifting some 4,000 investment advisers to state registration, but New York state may gum up the law's intent.
The industry-sponsored group that oversees stock brokers fined Merrill Lynch $500,000 Wednesday for failing to provide sales charge discounts to eligible customers on certain investments.
A New York financial adviser pleaded guilty to rigging bids for investments sold to local governments, the fifth person to admit participating in an industrywide conspiracy to profit at taxpayers' expense.
Tool will help ETF providers to focus their marketing and educational materials on the needs of advisers.
My colleagues in the business press lavish an extraordinary amount of space on the world's richest people,which is altogether fitting and proper, considering how much they can teach us about the important matters of life.
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said Wall Street is like a church that benefits society, then falters by operating a gambling venture on the side.
Morgan Stanley, owner of the world's largest brokerage, will pay $800,000 to settle regulatory claims that it didn't disclose research analysts' conflicts of interest to investors.
Just days after the financial-regulatory-reform law was signed, the Securities and Exchange Commission issued a request for public comment on a provision addressing the standard of care for investment advice.
UBS AG, the largest Swiss bank, will seek to reverse a ruling requiring it to pay a U.S. company for business lost when its funds were tied up during the collapse of the auction-rate securities market two years ago.
Citi Private Bank, the private-banking unit of Citigroup Inc., continues its aggressive recruiting from U.S. Trust and has now lured a total of 10 bankers from the Bank of America unit since the end of April.
U.S. Trust Corp., the private banking unit of Bank of America Corp., has hired five senior-level wealth management experts as part of the firm's bid to hire more than 200 advisers and bankers this year.
