Investment advisers who must migrate from regulation by the Securities and Exchange Commission to state oversight now will have extra time to make the transition.
An SEC rule proposal intended to thwart the likes of Bernard Madoff likely would result in significantly higher compliance costs for smaller broker-dealers.
New software tool will help advisers scan for the best variable annuity option for a client.
Addressing an issue that many thought had been resolved several years ago, Massachusetts last week filed an administrative complaint against RBC Capital Markets LLC and one of its former brokers, Michael Zukowski, for “dishonest practices in selling leveraged and inverse leveraged ETFs"
Moody's places five Aaa issuers under review for possible downgrades. The reason? The states are vulnerable to cuts in federal spending, the rating agency says.
MSSB big Charles Johnston says move to fee-based model has been ongoing for six months; dubbed 'safe harbor' by RBC's Taft
Clients of a prominent Bank of America Merrill Lynch broker have won an $880,000 arbitration award against the firm.
Notes didn't protect Croce's principal -- once issuer Lehman went belly up; at least 40 cases still pending
Trustee petitions judge to issue subpoena to fund firm's National Financial Services unit; examining the money trail
Whistle-blowers can collect as much as 30% of penalties when they report wrongdoing, even when they bypass their internal complaint systems.
With registration requirements looming, more hedge fund managers are likely to follow George Soros in opting for the family office structure over the red tape of running a hedge fund.
Plan sponsors should be able to send retirement plan info to employees digitally without getting permission, industry groups argue
DOL's latest start date — Jan. 1 — still too soon, industry group contends
Phyllis Borzi has come a long way since her days as a high school English teacher.
Putting an end to a bitter dispute over the sale of failed private placements, Securities America Inc. has agreed to make whole 63 Massachusetts clients who bought $5 million of failed notes issued by Medical Capital Holdings Inc.
Top universities are said to be soliciting applicants who have little chance of getting admitted. The reason? Critics say it's to generate both cash and buzz.
Financial adviser turnover at the four wirehouses — Morgan Stanley Smith Barney LLC, Bank of America Merrill Lynch, UBS AG and Wells Fargo & Co. — dropped to near-historic lows over the past 12 months
Unit reports nearly eight-fold increase in pretax earnings; rich clients finally returning in force
