So-called 'bad boy' provision still under discussion, says Texas regulator; definition of 'accredited investor' also said to be on the table
FPC disappointed that Senate Banking Committee chairman's revised legislation failed to extend fiduciary standard to brokers
Don't blame state regulators for the financial crisis; blame those who took power away from state regulators.
Firm's technical analysis shows market headed for a tailspin; coming down from 'drug known as quantitative easing'
To avoid future panics in money market funds, the mutual fund industry is calling on federal regulators to force broker-dealers to disclose information about their money fund clients.
It's been slow in coming, but the mutual fund industry is finally beginning to offer specifics about the type of backstop it wants to set up for money market funds.
Once, big firms battled other big firms for the best advisory talent. Now, smaller firms are nipping at their heels as well.
Then: Brokerage commissions for trades were high with a client routinely paying more than $1,000 for a large equity transaction.
Some of the broker-dealers that sold allegedly fraudulent private placements appear to have allowed their net-capital positions to fall dangerously low, a situation that could threaten their existence if they have to pay large legal claims.
The liquidating trustee of Provident Royalties' private placements is hoping to recover $285 million in claims and commissions from B-Ds that sold the busted investments
Edward Jones is tops and Morgan Stanley Smith Barney LLC the worst in terms of financial adviser satisfaction at six national broker-dealers, according to a J.D. Power and Associates Survey released last Friday
The total comp doled out to Morgan Stanley's brokerage unit rose 41% in the first nine months of the year. The reason? Mostly, guaranteed payouts to Smith Barney brokers.
A new rule aimed at making the financial advisory business more understandable to clients is giving advisers a headache.
Let's hope President Barack Obama and members of Congress have made New Year's resolutions and that they plan to keep them
Participants in some 401(k) retirement plans managed by Vanguard Group Inc. now have access to advice from certified financial planners.
Yet another scandale is rocking Wall Street
At this time of year, investment stewards — retirement plan sponsors, and managers and trustees of charitable organization investment committees — are receiving 2010 year-end investment performance reports and poring over them to prepare for their first 2011 meetings with their advisers and money managers
As we enter the New Year, financial advisers are probably asking themselves about the strength of the recovery and whether their firm is positioned to capture new clients and talent
