Despite widespread awareness that the state of financial literacy in our country is dire, precious little has been done at the national level to strengthen Americans' understanding of fundamental money management concepts. Dale Brown of the FSI says that we must — as an industry — focus our attention and our energy on tackling this critical issue on the local level.
It is shaping up to be another wait-and-see exercise on tax policy that once again makes tax planning a challenge for investment advisers and their clients.
Suit on behalf of 1,200 black brokers claimed discrimination in business opportunities.
A group of women advisers contend that a $39 million payout will actually reinforce policies allegedly tied to gender discrimination.
Lawsuit alleged a "deep rooted and pervasive gender discrimination" existed at Bank of America and Merrill Lynch
A recent Supreme Court decision allowing class action waivers tips the scales in favor of Charles Schwab in its scuffle with Finra over the tactic.
Abrogation of rights or a fair system? Opinions fly at <i>IN</i> roundtable
In its battle with Finra over mandatory arbitration, Charles Schwab has backed down, making its clients the winner. But the fight has just begun.
As task force reviews process, regulator pushed to fess up on selection of arbitrators, award collections and case statistics.
Colony Group vice chairman: U.S. needs K-12 curriculum; but FPA of Florida head says effort starts in the states.
Regulator would also cross-check broker disclosures against public court documents.
John Cronin will oversee supervisors in the Northeast; 'it's like hiring an IRS guy to be your CPA.'
MF Global Inc., the defunct brokerage once led by Jon Corzine, will begin final distributions to satisfy $6.7 billion in claims from former customers, starting tomorrow and lasting several weeks, the trustee overseeing the repayments said.
At its board meeting, the regulator put out for public comment changes to how firms link to its BrokerCheck database. It also backed changes to how it defines arbitrators and moved to prohibit firms and brokers from putting conditions on settlements.
SEC member Luis A. Aguilar discusses how the regulator is helping to foster improved ethics and responsibility.
Weaknesses found in way agency authenticated users, authorized access and encrypted data.
The <a href="http://www.investmentnews.com/article/20140310/FREE/140319990">proposed Finra bonus disclosure rule</a>, which could curtail the size of mushrooming recruiting packages, exposes a chasm in the advisory industry, pitting smaller broker-dealers against large wirehouses and RIAs.
Incoming Finance Committee chairman, 32 other senators support maintenance of tax expenditure.
Independent broker-dealer Berthel Fisher & Co. Financial Services Inc. scored a victory this month in an arbitration over an investor seeking $934,000 in restitution for investing in a real estate deal involving an office building in Minnesota.
Former Bank of America Corp. Chairman Kenneth Lewis agreed to a three-year ban on serving as a public company's officer or director and to pay $10 million to settle claims by New York's attorney general that he misled investors about the bank's 2009 purchase of Merrill Lynch & Co.
