Displaying 28115 results
SEC wants LPL to pony up $50 million over messaging apps, texts
'The large size of such fines underscores the point that regulators want this behavior to change quickly,' a compliance executive notes.
Envestnet sees Q4 bump with surge in nonrecurring revenue
The company’s annual revenue was virtually unchanged from 2022 even as it faced challenges from ballooning operating expenses.
Wells Fargo appoints 34-year veteran to lead growing independent channel
New leader will focus on growing market share for firm’s WIM business.
Snowden Lane Partners adds $208M mother-son advisor team in New York
The advisors become managing directors at the firm’s headquarters.
Raymond James indie channel is next step for $123M advisor
Latest addition continues 2024 run of advisors joining the firm.
Goldman Sachs now says Fed won’t cut until June
Latest outlook pushes the firm’s expectation back by one month.
Pimco $22B inflows ‘absolutely stunning,’ says Allianz CEO
Investment firm's first six weeks of 2024 almost matches the whole of 2023.
Why one Fidelity manager has sold most US Treasuries
Majority of his funds' 10-year and 30-year Treasuries have been sold.
Short sellers targeting B. Riley in smear campaign, sources say
Short sellers' claims against B Riley are 'often accompanied by outrageous personal harassment,' the company says.
Merit unveils independent advisor affiliate model
'Think of it as a form of courting, a time for a firm owner to ‘date’ a prospective partner before ‘marrying’ and making the decision to merge or be acquired,' Merit CEO Rick Kent says.
AlTi’s upper-high-net-worth ambitions get $450M boost
The global wealth and alternatives manager is getting strategic investments from Allianz X and Constellation Wealth Capital.
New role announced for Nitrogen co-founder and former CEO
Aaron Klein brings two decades of experience to wealthtech consultancy.
Financial crime compliance costs reach $61B for financial institutions
LexisNexis report reveals almost all firms in the US and Canada are affected.
Nvidia earnings outpacing its stock, which is still relatively cheap
With AI soaring, the chipmaker keeps delivering for investors.
Private credit for infrastructure is soaring, at banks’ expense
The market is set for long-term growth amid energy transition.
Nikkei smashes 1989 record to enter uncharted territory
Asian tech stocks are rallying and Japan’s equities are on fire.
One of Wall Street’s highest-flying women is reportedly quitting
Goldman Sachs executive had been tipped for CFO and other top roles.
Former Triad broker’s medical company loses Florida real estate judgment
"This is more bad news," says a plaintiff's attorney.
Biden administration cancels $1.2B of federal student loans
The move wipes out loans for those who borrowed less than $12,000 for their higher education.
Citi boosts CEO Jane Fraser’s pay to $26M
The increase comes after Fraser initiated what's billed as the largest reworking of Citigroup in decades.
