Nicholas Mitsakos and Matrix Capital Markets pretended to manage millions, SEC alleges.
Add up all your possessions — cash, property, retirement accounts — and subtract all your debts, and you could end up in the red.
Regulators should coordinate these different standards as soon as possible to minimize confusion for investors.
Robert Edward Loftus was discharged in 2013 and found in breach of a promissory note
Online users now require cell phone for text message verification.
Mutual fund firms move defensively toward active ETFs.
Head of bank's brokerage will now be in charge of community banking.
Young advisers want more technology suitable for student loans, cash flow and debt management.
Many have either been acquired or are trying to become national firms.
As broker-dealers move toward uniform commissions to comply with Labor Department rule, investors could end up paying higher prices than in an unregulated environment. <b><i>(More: <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">The DOL rule from all angles</a>)</i></b>
State plans would not be subject to ERISA, which some in the industry fear will give them a leg up on private plans.
Brian James Egan agreed to be barred from the brokerage industry.
Brokerage firm failed to notify customers of changes in their account records as a result of a computer coding error, regulator claims.
Agency's Advisory Committee on Small and Emerging Companies wants people with a Series 7, 65 or 82, or a CFA, to be eligible to buy unregistered securities.
Case follows the SEC making wrap accounts an examination priority this year; agency is looking at whether advisers are acting in clients' best interests with these vehicles.
Agency apologizes and says it will pursue other security authentication options.
The firm's minimum for its automated investing platform is not unheard of, but in the future that number may be even lower, experts say.
After months of testing, Fidelity Go is up and running, giving investors access to an automated platform with traditional management.
The world's most valuable bank plans to start a robo-advisory service in 2017, Chief Operating Officer Tim Sloan said.
Ex-Morgan broker Aaron Parthemer put a pair of athletes in investments that later turned out to be worthless.
