Oscar Donald Overbey, Jr., was sentenced to 3-1/2 years in federal prison and must repay more than $3 million in restitution from Ponzi.
Company bucks industry trend toward forming broker teams.
New CEO says firm will also shrink investment bank because of "unsupportive" and "unfavorable" regulation.
Industry heavyweight argues the proposal would limit access to investment advice.
Bank of America has dodged a high-profile, $20 million lawsuit brought by NFL star Dwight Freeney, who sued the company and his Merrill Lynch adviser, but the star's attorney says he plans to refile.
By selling stocks with high or low capital gains, you may be only looking at past performance.
Alicia Munnell confesses her "not-so-smart" moves and explains how she recovered. Hint: It had nothing to do with stocks or bonds.
Capturing rollovers, satisfying income seekers in low-interest rate environment.
Sending a message that brokerage firms need to step up their monitoring, Finra settled with Morgan Stanley and Scottrade for failing to supervise wire transfers.
Be vigilant during all client conversations and stay current on regulatory obligations.
Brokerage giant is expanding its lineup of proprietary mutual funds for its 12,000 brokers and financial advisers a year and a half after the firm launched its first fund.
The carousel of wirehouse advisers continues to spin.
A top broker in California, Marc D. Lowe was dismissed earlier this month for "inappropriate workplace behavior;" circumstances still unclear.
The largest individual owner of Goldman Sachs stock has a stake in the company worth almost $500 million, plus real estate and a portfolio seeded by cash bonuses and distributions from the bank's private-equity funds.
Even though Morningstar, for the second year in a row, has released its analysis dubbing the DoubleLine Total ReturnBond Fund not-ratable, analyst Sarah Bush is unable to get around pointing out that it's pretty good.
<i>Breakfast with Benjamin</i>: Oil stocks are starting to attract investors seeking safety, and that should be cause for concern.
An increasing number of companies want to identify &mdash; and whisk away &mdash; your excess cash.
Claim early only if you really need to; suspend until later if you can afford it.
