Morgan Stanley CEO James Gorman has been put on the hot seat by the company's institutional investors over its compensation policies, according to a report in the Wall Street Journal.
The requirement that brokers who provide advice be regulated as registered investment advisers may be dropped from financial-reform legislation being considered by the Senate Banking Committee, according to consumer groups and state securities regulators.
The Obama administration has proposed a $90 billion to $100 billion levy over 10 years on large financial institutions, aimed at recovering the money that the government used to stave off financial disaster in late 2008 and early 2009.
Senate Banking Committee Chairman Christopher Dodd's decision to retire could allow him to push through proposals to bring brokers under traditional fiduciary standards.
The top Senate Democrat and Republican negotiating new Wall Street regulation said Wednesday they expect to resolve their differences before the end of January, an optimistic outlook for a bill that had seemed mired in partisan conflicts.
An April trial date has been set for a Nebraska man accused of luring elderly investors under false pretenses and using some of their money to buy luxury items.
Armed with an accounting pedigree and a coveted client roster, Geller Family Office Services LLC is placing a big bet that it can transform itself into one of the industry's premier players.
A hearing to determine whether the securities-fraud charges against two former Nebraska City brokers are warranted has been delayed until Oct. 19.
Business leaders in the United States are becoming increasingly alarmed — again — about the state of the economy.
President Barack Obama's health plan proposal would extend Medicare taxes to the investment income of higher-earning households.
A North Texas jury has sentenced a former Maryland lawyer to 99 years in prison for organizing a fraudulent multistate investment scheme.
The Goldman Sachs Group Inc. is suing seven former employees of its private-wealth-management division who joined Credit Suisse Group AG for “pirating” the bank's clients and reps.
The former head of a Chicago asset management company pleaded guilty Wednesday to fleecing six union pension funds of $24 million and spending much of the money on jewelry, gambling and renovation of his strip club.
Marc A. Spilker will retire as co-head of the investment management division at Goldman Sachs at the end of February, confirmed Andrea Raphael, a spokeswoman for the firm.
Retail brokerage Charles Schwab Corp. said Friday that its clients' daily trading volume rose 8 percent in January compared with the same month a year ago.
Homes are selling at their fastest clip in nearly three years, the unemployment rate is falling and stocks are up 66 percent since their March lows — the best performance since the 1930s.
