Raymond James & Associates Inc. was ordered by an arbitration panel to pay Wells Fargo Advisors LLC $12.1 million in a case involving claims of broker raiding.
Japan's Nikkei stock index climbed to a 15-month high Monday as a weaker yen boosted exporters while shares in troubled Japan Airlines Corp. surged 31 percent from a record low on hopes for extra government funding.
A year after the financial equivalent of Hurricane Katrina struck, damaging the world's economies, devastating the major capital markets and demolishing major financial institutions, it is worthwhile to examine
A former broker with Wells Fargo Advisors of St. Louis has sued the firm for sex discrimination.
Not surprisingly, it often starts with a geometric rise in government debt. Sound familiar?
Within the individual brokerage firms, there is an ongoing tug of war going on. On one side are Branch Managers who are put under pressure to hire.
<i>The following is a letter from John Sykes, the largest single shareholder in defunct broker-dealer GunnAllen Financial, in response to this question posed by InvestmentNews news editor Bruce Kelly late last month: “What happened at GunnAllen?”</i>
HSA deposits are expected to top $14 billion in assets this year, up from $1 billion in 2006
Executives testified today that they did all they could to keep Bear Stearns
The stock market has been on some run of late, with the S&P 500 index up nearly 5% in the first quarter. With cash-rich corporates eyeing stock buybacks, expect more of the same.
The Federal Reserve repeats its pledge to hold interest rates at record lows to foster the economic recovery and ease high unemployment.
The Canadian investment firm that paid $1.68 million last year to win lunch with billionaire investor Warren Buffett is about to collect its prize.
Financial literacy has gone bilingual.
The nation's economy posted its largest job gain in three years in March, while the unemployment rate remained at 9.7 percent for the third straight month.
An Apple Valley, Minn., money manager is charged with orchestrating a Ponzi scheme that allegedly defrauded at least 1,000 victims out of $190 million.
With five companies slated to go public next week, the initial-public-offering market is on track for its best two-week period since December 2007 — when there were 13 IPOs spread over two weeks.
Starting today, viewers will be glued to the TV for the NCAA men's basketball tournament. But one financial firm in Kentucky is drawing clients in with its own tourney attraction
Alan Fishman used to drive Wall Street bankers around New York. All the while, he thought he could do what they did. Now, the hedge fund president is facing five years in jail for securities fraud.
The SEC aims to add more enforcement agents and examiners to its hedge fund speciality unit. With 700 hedge shops closing in 2009, there should be shortage of applicants.
