The broker-dealer saw its shares dip again on Thursday after it lowered the price of its secondary offering. That follows a 37% decline in the company's share price in the past month. Investors, however, could stand to benefit. Bruce Kelly has the story.
Between <a href="http://www.investmentnews.com/article/20140529/FREE/140529913">RCAP's stock offering</a> and real estate firm's executive comp plan, Nicholas Schorsch and his team could enjoy a multimillion-dollar payday.
The securities house pointed to “improved market conditions, successful recruitment of additional advisers and increased advisory assets under management” for the increase in revenues.
Finra says Morgan Stanley advisers allegedly failed to make key distinctions when soliciting clients to buy shares in 83 IPOs including Yelp and Facebook.
In stunning turnaround, the noted real estate investor gets $1.07 million for his shares in disputed REIT, ending a <a href="//www.investmentnews.com/article/20131029/FREE/131029892"" target=""_blank"" rel="noopener noreferrer">proxy fight</a>. But the story's not over. <i>(See also: <a href="//www.investmentnews.com/article/20130120/REG/301209971"" target=""_blank"" rel="noopener noreferrer">Tony Thompson's hard times</a>)</i>
The Uniform Law Commission and NetChoice are working separately to try to make it easier to close up accounts and transfer funds after the owner dies.
New law will grant fiduciaries access to the digital assets of deceased or incapacitated individuals.
As the court battle over L.A. Clippers owner's trust shows, people too often set up estate plans to cope with death, not old age.
A deal, which would combine two of the biggest U.S. brokerages outside of New York, could be announced within days, according to a person with direct knowledge of the matter.
Revisions are a sign of pressure to come on the financial reform package.
Raymond James Financial continued to build on momentum as pretax profit in the private client group hit a record in the firm's third fiscal quarter, jumping 39% as profit margins reached 10%. What's CEO Paul Reilly doing right?
Deal part of custodian's integration initiative with tech product providers.
merger and acquisition activity has long been a trusty sign of a maturing equity market cycle.
Boston Private Bank is paying $60M for Florida RIA Banyan Partners, a $4.3B firm, creating a new wealth management behemoth.
Finra charges broker Dean Mustaphalli opened fund and received commissions without disclosing the business to his firm. Whether Sterne Agee clients were affected remains a mystery.
They offer a lump sum in exchange for pension income and engage in other questionable practices.
Morningstar reached an agreement with Business Logic, which had filed an intellectual property lawsuit against the research firm.
Employment may be headed for a "breakout year."
