House and Senate negotiators agreed to include the stronger House provision on fiduciary duty in the sweeping financial regulatory reform bill. <a href=http://www.investmentnews.com/article/20100625/FREE/100629931><b>(Get the rundown on the full reform, and how advisers and planners will be impacted.)</b></a>
In 2009, only 59% of the millionaires said they had regained trust in their financial advisers, while 56% said they had the same feelings about their wealth management firms and financial institutions.
Joseph Fortuna, Timothy Prete and Salvatore Tartaglione have left UBS for MSSB in Hartford, Conn.
U.S. regulators are poised to restrict investment advisers from giving money to politicians to win pension business in response to abuses in an industry that oversees $2.4 trillion of public retirement funds.
A slate of challengers for three small-firm seats on the Financial Industry Regulatory Authority Inc. board have gathered enough support to seek a spot on the ballot for the upcoming board election.
Finra-backed candidates who represent large and midsize firms are running unopposed so far in the regulator's upcoming board election, but a battle is brewing for three open small-firm seats.
A former SEC attorney who spearheaded the investigation of Pequot Capital Management Inc. — until he was fired in 2005 — says his own continuing efforts drove the Securities and Exchange Commission to pursue the hedge fund and its founder Arthur Samberg for insider trading.
A series of nasty legal fights involving Jesup & Lamont Inc., Penson and Finra may be coming to a head.
Shares of home health providers sank Wednesday as an investigation into the industry's Medicare reimbursement practices expanded.
Overturning state law, New York's highest court this month ruled that estates and beneficiaries can sue estate-planning attorneys for malpractice.
The sweeping financial-regulatory reform bill faces an uncertain fate in the Senate following the death early today of Sen. Robert Byrd, D-West Virginia.
Mark A. Mushkat, a 20 year veteran of the wealth management industry, comes from Harris myCFO, a unit of Harris Private Bank.
The banned broker's responses to questioning, however, often come across as confused.
Bambi Holzer hit with client complaint over selling of risky offerings; broker has appeared on 'Today,' CNN and CNBC
With the sale of private placements facing intense scrutiny from securities regulators, one due diligence attorney has fired off a potent missive to Finra officials about clients' responsibilities when buying the high risk deals.
The Obama administration's stepped up demand for tougher restrictions and new taxes on big banks is complicating Senate efforts to write a bipartisan financial regulation overhaul, even drawing a sharp rebuke from a top presidential ally in the Senate.
Private-equity firm Lightyear Capital LLC today announced that it has completed its acquisition of three ING Groep NV broker-dealers.
Investors filed a class action yesterday against Securities America Inc. — a subsidiary of Ameriprise Financial Inc — and CapWest Securities Inc., alleging that the two firms falsely represented private placement investments and used incoming assets to pay dividends to investors in older investments.
