Documents, documents and documents – and face time ndash; win a client's confidence.
Regulator signs off on a rule that stops brokers from including expungement as a term in settlements in customer arbitrations
It could be a long summer for the fastest-growing segment of the mutual fund business as regulators zero in on both the marketing of the funds and the investment strategies they employ.
Firms use succession agreements to keep brokers from taking their assets with them when they jump ship.
Matthew Bell has checkered history in securities industry.
A former John Thomas Financial broker's bankruptcy filing highlights an enforcement challenge: dodging customer complaints. <b><i>Plus: <a href="http://www.investmentnews.com/article/20140527/FREE/140529939">More advisers succumb to personal bankruptcies</a></b></i>
<i>Breakfast with Benjamin:</i> Argentina defaults. Plus: Fund managers deal with Argentina bond exposure; the Fed's-eye view of unemployment; fallout from Russian sanctions; San Bernardino goes to pot; and a cannabis stock rally adds a new twist to buying high.
In Ameriprise case, federal judge rules chief executive of the firm's mutual fund unit must hand over documents in lawsuit over retirement plan's use of proprietary funds.
Finra claims that real estate investments were unsuitable for two retired California school teachers. Mark Schoeff has the story.
<i>Breakfast with Benjamin:</i> Advisers go liquid to navigate Yellen Fed policy. Plus: Global stocks are loving the Fed's latest non-move, energy stocks ride high on the unrest in Iraq, an IRS excuse that the IRS would never accept from you, and political correctness has the Washington Redskins surrounded.
Proprietary traders who use computers to buy and sell stocks in milliseconds would have to register with the agency under chair's recommendations.
Facing new pressure to overhaul trading after Michael Lewis's book "Flash Boys," the regulator may require brokers to reveal exactly where stock trades are executed. The change would limit deals brokers make with exchanges at the expense of investors' interests.
The plutocrats are heralding Ben S. Bernanke's eight years as Federal Reserve chairman. And with good reason, but maybe we should wait before we start the parade.
<i>Breakfast with Benjamin:</i> Don't look now, but wage growth (for dishwashers, for example) is on the radar. Plus: The SEC's half fix for money funds, a golden cross for Goldman, judge blocks 'Wall Street Wolf's' sucker list, and big city life can be a drag.
On today's <i>Breakfast with Benjamin</i> menu, Pres. Obama pushes for tighter border rules for U.S. companies trying to exit for tax purposes, asset managers unprepared for a bear market, and more.
Structured products, non-traded REITs and private placements just a few of the products under scrutiny.
High court says 'presumption of prudence' shouldn't be considered a special defense against lawsuits alleging breaches of fiduciary duty.
On Friday's menu: Barclays hits back on dark pool charges. Plus: Seeing the markets through the eyes of regular investors, why young folks should embrace bear markets, discount retailers set to shine, another cheap swipe at mortgage interest deductions, and the SEC hasn't forgotten about those pesky high-speed traders.
Charges against trader are sign of prosecutor's willingness to criminalize financial industry disputes formerly relegated to contract litigation
Public pressure on Finra's expungement process has arbitrators thinking twice about erasing disclosure events, attorneys on both sides agree.
