Finra claims that The Charles Schwab Corp. is violating rules by including in arbitration agreements a provision requiring investors to waive their rights to bring or participate in class actions against the firm.
Desperate to reel in star brokers, the wirehouses are fishing more than ever in the unlikely and foreign waters of independent-contractor broker-dealers to hook their top representatives
JPMorgan boss' questioning of Fed policy raised eyebrows
Reilly says he preferred internal growth but was swayed by similarity in culture between two firms
Unexpected big check can throw people's bearings off; 'shock and denial'
Don't see the ripple effect on other retirement assets, says Harley Gordon; often don't even know how to raise the subject
Investors ensnared in a $7 million scam involving so-called “private annuities” will be getting back only a sliver of their original investment.
Regulator says some firms take liberties using 'senior designations'; supervisory procedures must be tightened and enforced
A handful of publicly held life insurers dominate the market for traditional long-term-care insurance, but mutual life insurers are beginning to make inroads with agents and financial advisers.
Executive lays out three points he says should be addressed in every campaign
Commission claims Waters took in cash for bogus funds, spent the money
Last week, we posted the <a href=http://www.investmentnews.com/article/20120313/BLOG03/120319970>top 20 feeds for financial advisers to follow on Twitter</a>, courtesy of Fushion Analytics' Josh Brown, a.k.a. <a href=http://www.investmentnews.com/article/20120313/BLOG03/120319970>The Reformed Broker.</a>
Georgia's citizens doing the most damage to their personal finances by trying to hit it big, data shows
Former Detroit Mayor Kwame Kilpatrick and the city's ex-treasurer were sued by the U.S. Securities and Exchange Commission, which accused them of awarding pension-fund business in exchange for $125,000 worth of gifts from an investment adviser.
Ex-SEC official Robert Colby will replace Grant Callery, Marc Menchel
The second-highest-ranking Democrat on the House Financial Services Committee is promising to put more emphasis on investor protection, if she attains the top position on the panel. Whether Rep. Maxine Waters, D-Calif., ascends to committee chair would depend on her party winning back the House from Republicans this fall. Political prognosticators doubt that outcome, but it doesn't stop Ms. Waters from dreaming.
Pace of shutdowns is slowing, but one in 10 firms open in 2007 are now gone
