The Charles Schwab Corp. will pay $119 million to regulators to settle charges related to its disastrous YieldPlus bond fund, the company said last week.
Filing for protection from creditors could come back to haunt planners; sanctions, revoking of CFP mark possible
Investment advisers seeking certification as a financial planner would have to demonstrate work experience in a narrower calendar surrounding their examination date, under changes proposed by the Certified Financial Planner Board of Standards Inc. .
An eye-opening analysis of the “distributions” of nontraded REITs sold exclusively by David Lerner Associates Inc. shows that the REITs' property investments largely underperformed the level required to pay promised dividends to investors
Pending 3% withholding levy shot down in rare unanimous vote
Two states, New Jersey and Maryland, levy both estate and inheritance taxes
Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. were among 13 banks and mortgage lenders accused in a so-called whistleblower lawsuit of charging military veterans illegal fees to refinance home loans.
Finra continues to focus on nontraded real estate investment trusts
Patrick Evershed, a former New Star Asset Management Holdings Inc. fund manager, was bullied by company founder John Duffield, who called him a “criminal” and a “moron,” according to Mr. Evershed's lawyer
The Securities and Exchange Commission engaged in an unprecedented crackdown on investment advisers over the past year, contributing to an overall surge in agency enforcement
Greek contagion would likely take down the banking systems of several eurozone nations; ball's in your court, Germany
The demise of Jon Corzine's brokerage shows little has changed in how the former Goldman boss -- or Wall Street itself -- do business since the demise of Lehman Brothers. Author William D. Cohan weighs in.
SIPC files suit against MF Global claiming brokerage can't pay clients
Finra acknowledged that disgraced Wall Street titan Jon Corzine was given a waiver for his Series 24 and Series 7 exams, even though Corzine had been out of the brokerage industry for years. | <b>Readers react angrily:</b> <i>'One rule for one, another rule for the rest of us'</i> | <a href=http://bit.ly/uUgU7C>Join the debate</a>
Here are some examples of ways that financial advisers can help clients to reduce their tax burden.
The SEC's announcement last week that it had threatened to sanction Finra because a senior official doctored minutes from internal staff meetings is an embarrassing black eye to the securities industry's watchdog as it pushes to expand its authority to regulate investment advisers
For SEC Chairman Mary Schapiro, last week's dust-up involving Finra is the latest in a string of embarrassments she has endured since taking over the embattled agency in 2009
Republicans OK with axing tax deductions for the rich, but marginal tax rates still a bone of contention
The following is an edited version of an Oct. 12 speech by Paul Schott Stevens, president and chief executive of the Investment Company Institute, before the Rotary Club of Seattle
It may not be her biggest concern right now, but the recently departed Sallie Krawcheck will have to land a new gig at a large brokerage firm or resign her newly won seat on Finra's board
