Finra claims that Lincoln Financial gave workers shared passwords for clients' accounts. All told, the regulator says more than 1 million records were viewed over a seven-year period.
Hundreds of financial advisers switched firms this year, many looking for opportunities to build equity in themselves and some exiting after mergers. Many were also lured by big bucks, according to recruiters and industry experts.
A lawyer for clients suing Securities America over Reg D offerings that went bust says parent Ameriprise has agreed to pay $27M to end the litigation.
Physicians are foot soldiers in states' battle to protect elderly from fraud
SEC claims that Provident Capital made false statements about its ability to cover its bond obligations
IRI report is pre-emptive strike against possible tax change
Survey finds U.S. citizens still not overly interesting in stashing cash away
The portfolio manager says investors get squeamish when the during market drops, and often sell at big losses.
On Wednesday and Thursday of this week, Complex Managers at Morgan Stanley Smith Barney were told to participate in a conference call (the Wednesday call was repeated on Thursday) which was entitled: Compensation Communication Day Training. The slides, delivered by Human Resources, detailed how 2010 bonuses were being structured.
Spain is the “big elephant” in the European debt crisis because there may not be enough money to bail out the Iberian nation, said Nouriel Roubini, the New York University professor who predicted the global financial crisis.
Nouriel Roubini, the New York University economist who predicted the global financial crisis, said U.S. growth will be “well below” 1% in the third quarter and put the odds of a renewed recession at 40%.
The Securities and Exchange Commission continues to crack down on Reg D offerings. This go-round, the regulator issued a cease-and-desist order to Capital Financial over the firm's alleged lack of due diligence on a series of privately issued notes.
Santander Securities agrees to pay $2M to settle charges brokers sold unsuitable investments to the elderly
According to a source, Securities America has offered arbitration plaintiffs about 50 cents on the dollar to settle their claims over Red D offerings that went bust
Rumors have resurfaced that <a href=http://www.investmentnews.com/section/recruiting-moves?joiningsearch=Wells+Fargo+Advisors+LLC&search=&leavingsearch=&stateMultiSearch=&statesearch=>Wells Fargo & Co.</a> is talking with UBS AG about acquiring the Swiss bank's retail-wealth-management operations in the U.S.
Smaller firms smacked by increased costs from audits, uncertainty over rule; 'this is a mess'
<i>The following is the weekly commentary of Jeffrey Kleintop, chief market strategist at LPL Financial, for the week of February 28, 2011. For more, <a href=http://lplfinancial.lpl.com/Documents/ResearchPublications/Weekly_Market_Commentary.pdf> click here.</a></i>
Higher interest rates are likely to result in insurers' sweetening their fixed-indexed-annuity offerings this year as they try to catch a wave of renewed investor interest
Corporate-owned life insurance is on the chopping block as President Barack Obama releases his 2012 budget
Lawsuit claims insurer profited mightily off retained-asset accounts; lump-sum payment or not?
