Rhonda Breard, Washington state adviser – and local celebrity – accused of stealing $8M from clients
Peter Santoro, head of institutional markets at Citadel Investment Group LLC's investment banking arm, has left the firm.
Equities are outperforming junk bonds by the most in a decade — but investors continue to pull assets out of equity mutual funds
Contrary to popular belief, markets thrive on a little confusion
Large caps keep on rolling, while bond rally loses steam; economy will surprise 'on the upside'
B-Ds' account statements come under scrutiny; further guidance from regulator possible
Morgan Stanley, owner of the world's largest brokerage, reported a third-quarter loss of 7 cents a share after writing down a stake in Revel Entertainment LLC, an Atlantic City casino project.
Industry group cobbling together best practices for private placements; sponsor-supplied reports not sufficient
Billionaire investor Kenneth Fisher said monetary stimulus from the Federal Reserve is unnecessary and could cause the dollar to weaken and reduce demand for riskier assets such as U.S. stocks.
A little-known provision within the Dodd-Frank law gives the Securities and Exchange Commission the power to remove mandatory-arbitration language from client-broker agreements, which could expose broker-dealers to huge costs, according to observers
Dozens of plaintiffs suing brokerage firms this month have seen a veritable gusher of multimillion-dollar awards, leaving some plaintiff's attorneys anticipating a continued stream of such arbitration rulings
RBC Correspondent and Advisor Services yesterday announced the addition of four senior-level relationship managers whose jobs are to consult with RBC's broker-dealer correspondents and RIA firms at a strategic level.
Despite a recession and uneven economic recovery over the last year, the investment advice industry has grown — both in the number of practitioners and the amount of money they guide, according to a study released Wednesday.
Montana's commissioner of securities and insurance has sued Securities America Inc. over the sale of failed private placements, making it the second state to target the broker-dealer for selling the risky investments.
High anxiety abounds as economy, markets stall; detailing the risks of risk-aversion
Proposed change to ERISA expands fiduciary duty to include brokers who advise pension plans
Bank of America Corp., the largest U.S. lender, reported a $7.3 billion loss tied to new rules on consumer accounts and credit cards and said it's fighting demands for the lender to buy back allegedly faulty loans.
The Republican takeover of the House predicted by key pundits next month would have a major impact on legislation related to retirement plans and the firms that manage their money — but only measures with broad bipartisan support are likely to become law.
Defined-contribution managers bounced back a bit by year-end 2009 from the morose markets of 2008 as assets under management rose 19.7%
Chalk up another hard-earned lesson from the financial crisis: Investors in limited partnerships, the structure of choice for most alternative investments, discovered that giving up liquidity in exchange for higher returns wasn't such a good idea after all.
