Goldman Sachs Group Inc. halted an offering of Facebook Inc. shares to U.S. investors on concern that “intense media attention” on the deal may violate rules limiting marketing of private securities.
Like other brokerage firms, The Charles Schwab Corp. is known to be self-protective about its discount brokerage customers. And like other firms, it has sued former brokers whom it suspects of violating prohibitions against soliciting clients.
Reverse convertibles boomerang on unsuspecting clients; SEC examining brokers' fees
The Charles Schwab Corp. has been hit with another lawsuit claiming that its Total Bond Market Fund, which was represented as tracking the Lehman Brothers U.S. Aggregate Bond Index, loaded up with mortgage-backed securities prior to the financial crisis.
The Charles Schwab Corp. has been hit with another lawsuit claiming that its Total Bond Market Fund, which was represented as tracking the Lehman Brothers U.S. Aggregate Bond Index, loaded up with mortgage-backed securities prior to the financial crisis.
Modern Bank NA, a lender to the wealthy where former football quarterback Joe Montana is vice chairman, hired Citigroup Inc. veteran Damian Kozlowski to lead a turnaround after almost $30 million of losses in five years.
Citigroup Inc. Chief Executive Officer Vikram Pandit, who for the past two years has championed the U.S. bank's “globality,” may be getting a new mantra: locality.
TD Ameritrade Institutional has launched a unified managed account platform that is designed to give the firm's advisers a wider selection of money managers.
The Texas State Securities Board yesterday appointed Benette L. Zivley as the next Texas securities commissioner.
Instead of fighting with advisers over the estimated $1.5 trillion in 401(k) rollover assets, record keepers may want to work with them.
The prospect of Finra regulation for hedge funds and other money managers is scaring them enough that they are offering to open their wallets to help the SEC expand regulation of their industry.
Company says that it can be an advantage when it comes to recruiting
The Labor Department is poised to issue a regulation that clarifies who is a fiduciary under federal retirement law.
United Capital Financial Partners Inc., which has been deploying capital raised from Bessemer Venture Partners and Grail Partners LLC to build a nationwide fee-based advisory network, has purchased Dunn Hogerty Investment Consulting Inc., an independent-brokerage practice in Fort Collins, Colo.
Like many aspects of the financial-regulatory-reform legislation that became law July 21, the provision that increases the threshold for state regulation of investment advisers doesn't go into effect for another year.
State securities regulators are meeting next week to begin planning for the examinations of more than 3,000 investment advisers expected to come under their jurisdiction next year.
Joseph Duran, the roll-up firm's CEO, thinks he has the right plan for extracting value from a disparate group of wealth managers
