Retirement plan clients seem to want it all — and these days, they're asking plan advisers what they can do for their participants in terms of guidance.
In a move that some say could disenfranchise smaller firms, the Financial Industry Regulatory Authority Inc. plans to revamp its district committees
Financial adviser training and compliance expenses could become more onerous for broker-dealers -- if the Department of Labor applies its proposed fiduciary rule to IRAs
Measure dramatically raises amount families can dole out tax-free; 'take it while you can'
Wells Fargo & Co. may expand by taking over non-bank companies, including wealth-management or insurance businesses, chief executive officer John Stumpf said.
With megabanks besieged by regulators and facing a public backlash over the 2008 credit crisis, portfolio managers increasingly are looking at smaller banks as a value play in the financial services sector
Wilmington Trust Co., the Delaware bank founded by the du Pont family and being bought by M&T Bank Corp., sued three former company vice presidents who defected to Citigroup Inc., allegedly with proprietary data.
With an eye toward addressing the industrywide challenges of effective client profiling, Omyen Corp. has developed the Personal Financial Index
Disciplinary actions brought by Finra grew 13% last year to 1,310, from 1,158 in 2009, according to a study
“Well done is better than well said,” was Benjamin Franklin's wisdom on accountability
Does providing a list of options constitute advice?
IRI report is pre-emptive strike against possible tax change
Judges back earlier decision dismissing litigation against SRO; plaintiff's claim regulator misled members about NASD/NYSE merger
Survey finds U.S. citizens still not overly interesting in stashing cash away
On Wednesday and Thursday of this week, Complex Managers at Morgan Stanley Smith Barney were told to participate in a conference call (the Wednesday call was repeated on Thursday) which was entitled: Compensation Communication Day Training. The slides, delivered by Human Resources, detailed how 2010 bonuses were being structured.
But U.S. Attorney Preet Bharara says civil cases easier to win; 36 wins in 20 months for U.S. attorney
On Wednesday, Finra accused David Lerner Associates of selling an unsuitable investment -- shares of Apple REIT -- to unsophisticated and elderly clients. Sales of Apple REIT comprised 60% of the brokerage's business since 1996, the regulator added. In a statement, the firm said it expects 'to be completely vindicated.'
Wells Fargo wagon slow in getting info to clients, regulator claims; brokerage settles charges for $1M
The Securities and Exchange Commission continues to crack down on Reg D offerings. This go-round, the regulator issued a cease-and-desist order to Capital Financial over the firm's alleged lack of due diligence on a series of privately issued notes.
