The wirehouse failed to comply with anti-money-laundering requirements by not properly vetting some 220,000 new client accounts over a nine-year period, Finra charged.
Privately held firm run by hedge fund manager Ken Griffin is speaking up to regulators and sometimes disagreeing with other market players.
<i>Breakfast with Benjamin</i>: Despite the mood on Wall Street getting downright gloomy, some economists still think the Fed will raise interest rates next month.
The regulator is examining a broad range of possible conflicts, from production incentives and mutual fund fees to recruiting bonuses.
The department's recently completed four-day marathon of hearings featured the usual suspects trotting out the usual arguments — and self-funded studies — for or against the rule.
<i>Breakfast with Benjamin:</i> One troubling result of Thursday's big stock drop, in which the Dow industrials lost 358 points, or just over 2%, is that the market's oldest timing signal flashed a sell signal.
Agency finds a significant number of inappropriate sales.
Michael Szafranski was the financial adviser to the scheme's mastermind, Scott Rothstein.
Interinvest founder hid his interests in penny stock companies he put clients in, agency says
An acquisition of Barclays' U.S. wealth unit would add $47 billion in assets and 249 advisers who focus on ultrahigh-net-worth clients, filling a gap in Stifel Financial CEO Ron Kruszewski's advisory business.
Senators say legislation would act as a deterrent to fraudsters and particularly hamper repeat offenders, whose fines could triple.
Commission-based model is crucial for the financial well-being of investors of moderate means.
Would ERISA preempt states' IRA efforts, given federal responsibility for ERISA-regulated employee benefit plans?
Analysis asserting a “substantial failure of the market for retirement advice" doesn't hold true, according to ICI's chief economist
Worry heightened reporting requirements in new SEC proposal would force them to divulge 'secret sauce' of separately managed accounts' investment strategies.
The Secretary of Labor told lawmakers on Tuesday that the conversation has shifted to focus on how to make a new standard work.
New blog adopts Superman's alter ego as its anonymous author; aims barbs at popular gossip site AdvisorHub.
Brokers allegedly pushed conservative investor to put 100% of assets into risky proprietary bond funds.
Nudge theory and the rise of advanced technology promise new methods for advisory firms to fight the good fight in a world where the dangers of non-compliance have never been greater.
The four-day event, featuring 75 witnesses from all sides of the debate testifying on panels together, could get heated.
