The SEC is backpedaling on a proposal that would require advisory firms that deducted fees from client accounts to undergo costly surprise audits.
The economic downturn is hurting the associations that represent financial planners, investment advisers and big brokerages.
Opposition is mounting to proposed legislation — which is scheduled for a vote in the House tomorrow — that would harmonize regulations governing broker-dealers and investment advisers.
Large brokerage firms that are part of bank holding companies could be forced to review their compensation arrangements for brokers and advisers as a result of a pay proposal put forward Thursday by the Federal Reserve Board.
The Financial Services Institute Inc. is now clamoring for a self-regulatory organization to oversee investment advisers.
A suburban Philadelphia man will spend a year and a day in federal prison for selling high-risk securities to four Pennsylvania school districts.
After a decade of pushing fee-based services, Wall Street is slashing and burning the infrastructure that has supported the business.
Scott DeFife, senior managing director of government affairs at the Securities Industry and Financial Markets Association, is leaving to take a job at the National Restaurant Association.
The Securities and Exchange Commission will reopen the comment period for its shareholder director nomination proposal.
House Financial Services Committee Chairman Barney Frank, D-Mass., gets most of the attention on banking and securities issues, but the committee's second-ranking Democrat, Rep. Paul Kanjorski, is the one handling the issues most important to financial advisers.
Before being elected to the Senate, Herb Kohl ran his family's grocery and department store business.
Denise Voigt Crawford is fighting the war for the states.
Despite the market rebound, investors are continuing to pour money into bond funds, causing a number of asset managers and financial advisers to make sure that their clients are diversifying their fixed-income holdings.
Sen. Christopher Dodd has his own reasons for pushing hard for financial services reform next year.
In these nail-biting times, advisers need to know who the big shots are.
A leading securities regulator for the lion's share of his career, Finra chairman and chief executive Richard Ketchum is poised to oversee one of the most significant day-to-day changes most registered representatives will ever experience.
Financial advisers see “Finra” plastered across SEC Chairman Mary Schapiro's forehead, and it makes them nervous.
J. Mark Iwry is the quarterback of the Obama administration's retirement policy team, but he'll play offense, defense and for the other side when it comes to his mission: to find new ways to help Americans save.
A startup, LinkedFA, is described in a press release as the “first and only Finra-compliant social-networking site for financial professionals.” The site is supposed to be launched sometime in the coming weeks after it has its first 15,000 subscribers.
The broker recruiting wars are heating up, with wirehouses jacking up their offers to new heights to lure more representatives in 2010.
