PNC Bank sued one of its former advisers and Morgan Stanley, claiming the employee recruited colleagues and may have used her cellphone to photograph client lists from her work computer before moving to the wirehouse.
Morgan Stanley will pay $490,000 to settle U.S. Commodity Futures Trading Commission allegations that the company failed to adequately oversee customer funds.
Today's <i>Breakfast with Braswell</i> covers investors missing out on the Dow's latest rally, another gender bias suit hitting Wall Street, and much more.
Potential candidates for open seats battle voter apathy ahead of next month's annual meeting.
A New Mexico adviser is accused of stealing $1.1 million in a secret conspiracy with a broker-dealer manager over commissions from bond trading between 2008 and 2011.
A former Morgan Stanley adviser who joined LPL last month won back the right to serve his clients.
<i>Breakfast with Benjamin:</i> Stocks around the world are rallying. Plus: New rules and regs are not helping investors, the psychological impact of low volatility, investing in consumer spending, and toast tries to become gourmet dish. Toast.
Florida portfolio manager's advertisements were not compliant, judge says.
In today's <i>Breakfast with Benjamin</i>, Finra and the SEC's mixed messaging over how much badly-behaved brokers need to disclose stirs up new discussion, plus more on Millennials, Obamacare and the Ukrainian conflict.
Firms focus on pushing brokers toward holistic advice and a different product set, but adoption has been slow.
<i>Friday's menu:</i> Jobs report looks past winter blues; investing in weed for a pot of gold; GM execs get PR all wrong; five funds set to bounce: jumping on the HFT bandwagon, and when the rich don't feel rich
The Securities and Exchange Commission is poised to name a former executive of Wall Street's self-regulator as its top overseer of exchanges, brokerages and clearing firms, according to three people familiar with the matter.
Alternatives to charging a percentage of AUM might broaden market for financial advice, group suggests.
Firm had out-of-date procedures and delayed handing over email records to examiners, Connecticut securities regulators said.
Primary risk for wealth managers is when a hacker poses as a client and manipulates accounts.
A pension fund has sued JPMorgan Chase & Co. and CEO James Dimon, accusing the bank of creating “a culture of lawlessness” that led to billions of dollars in settlements tied to mortgage-backed securities and Bernard Madoff's Ponzi scheme.
Appeals court reinstates arbitration panel's ruling that had been vacated by lower court.
Eric Cantor's demise will increase partisan tension in Washington; for investment advisers, whose issues are usually ignored by lawmakers who don't understand their industry, it makes pushing their agenda even more difficult.
'Near ubiquitous' social-media use drives growth in a nascent market, research firm reports
The guidance would give the five-member commission a foundation for determining whether to advance a proposal to raise investment-advice standards for brokers.
