Lawsuit alleged a "deep rooted and pervasive gender discrimination" existed at Bank of America and Merrill Lynch
A recent Supreme Court decision allowing class action waivers tips the scales in favor of Charles Schwab in its scuffle with Finra over the tactic.
Abrogation of rights or a fair system? Opinions fly at <i>IN</i> roundtable
In its battle with Finra over mandatory arbitration, Charles Schwab has backed down, making its clients the winner. But the fight has just begun.
As task force reviews process, regulator pushed to fess up on selection of arbitrators, award collections and case statistics.
The beach retreat for Manhattan is one of a number of getaway markets that have been benefiting from the wealth effect of rising stocks. Vacation homes made up 13% of all sales last year, the highest level since 2006, the National Association of Realtors reported this month.
<i>Breakfast with Benjamin:</i> What stocks to buy if you're ready to buy stocks. Plus: A different investor reaction to a Netflix price hike; earnings coming fast and furious; when CEOs stop buying back their stock and don't forget Earth Day.
In a newly-announced restructuring, BlackRock CEO Laurence Fink is staying put but he has lined up new set of deputies and sets new roles for at least 10 execs.
Colony Group vice chairman: U.S. needs K-12 curriculum; but FPA of Florida head says effort starts in the states.
Five singled out; $150,000 donated to charities.
Regulator would also cross-check broker disclosures against public court documents.
Bond King challenges former heir apparent to explain departure.
But analysts divided over longer-term prospects: Some see end of bull market while others see pause.
John Cronin will oversee supervisors in the Northeast; 'it's like hiring an IRS guy to be your CPA.'
MF Global Inc., the defunct brokerage once led by Jon Corzine, will begin final distributions to satisfy $6.7 billion in claims from former customers, starting tomorrow and lasting several weeks, the trustee overseeing the repayments said.
At its board meeting, the regulator put out for public comment changes to how firms link to its BrokerCheck database. It also backed changes to how it defines arbitrators and moved to prohibit firms and brokers from putting conditions on settlements.
But there's plenty of resistance from plan sponsors
Still wary of being accused of conspicuous consumption, the wealthy are paying for high-end experiences and access to celebrities, professional athletes and exclusive events.
<i>Breakfast with Benjamin:</i> The truth of the housing market is about to hit. Plus: A fresh batch of market data to start your week; the rich have gotten richer since the financial crisis; stocks are being called overpriced; and why working for a hedge fund is better than working at your company.
