Three clients of former broker at Hancock unit receive award for losses in failed land deals.
The woes stemming from UBS AG's unit in Puerto Rico over the sale of local, closed-end municipal bond funds have landed squarely in the lap of UBS brokers and financial advisers in the island commonwealth.
A former Wells Fargo trainee has sued the firm, claiming that its effort to get back $50K in training costs violates labor law. If the claim sticks, brokers could have a tough time recouping such costs from ex-employees who leave firms early.
A court decision sheds new light on issue of whether float income is a plan asset.
Advisers urge clients to think carefully before reacting to Gov. Cuomo's latest proposal
The Securities and Exchange Commission is investigating whether currency traders at the world's biggest banks distorted prices for options and exchange- traded funds by rigging benchmark foreign-exchange rates, according to two people with knowledge of the matter.
Brokerage firms that pursue reimbursement of training costs from employees who leave are out of step with today's workforce
Justices seek DOL comment on case involving share classes offered to plan participants.
They say the costs and loss of privacy outweigh its benefits.
CARDS would pose risks and challenges to its members, broker-dealer group contends.
Rule proposal would touch on active vs. index funds, transparency, flexibility and inverse leverage
Database omits bankruptcies, tax liens, and other vital information, lawyers group claims
Fiduciary is 'really, really, really' tough, commissioner tells U.S. Chamber of Commerce.
Paris Hilton can invest in hedge funds, but I can't.
Finra reports that suitability fines and customer complaints have dropped as the financial crisis has faded further into the rearview. It's not all smooth sailing, however, as new regulatory priorities have emerged.
Regulator will send a proposal to the SEC that could limit those with industry ties from serving on panels.
Time for both agencies to stop dilly-dallying on fiduciary standard.
The practice of dealers' showing clients different prices for the same securities on electronic bond-trading platforms is drawing the scrutiny of the Securities and Exchange Commission, which is concerned that smaller investors are being penalized.
Finra freezes new arbitration cases in Puerto Rico as a flood of claims sends the regulator scrambling to find more arbitrators. Bruce Kelly has the story.
