A federal judge gave final approval to a $75 million settlement between Merrill Lynch and employees who sued the New York-based brokerage house in 2007 to recover losses they sustained from holding Merrill company stock in their retirement plans.
The first lawsuit over the sale of allegedly fraudulent notes issued by Medical Capital Holdings Inc. was filed last week, and more look likely to come.
A former broker with Wells Fargo Advisors LLC of St. Louis has sued the firm for sexual discrimination.
A decade-long rise in commodities prices — the so-called supercycle — is about to resume, market bulls say, driven by rising industrial demand, a weaker dollar and production constraints.
Be careful about chasing the rally in industrial metals.
There's good news and bad news for REITs. The bad news is that real estate stocks tend to be late-stage cyclicals, so analysts don't expect much of a rebound until next year.
New, higher assessments by the Securities Investor Protection Corp. are causing ”sticker shock” at several broker-dealers, particularly independent-contractor firms.
Some broker-dealer executives who are now paying increased fees to the Securities Investor Protection Corp. are wondering why it is paying out on claims of investors victimized by Bernie Madoff.
Higher assessments by the Securities Investor Protection Corp. are shocking some brokerage firms.
The recently issued SEC proposal to expand issuer disclosure in the $2.7 trillion municipal-securities market doesn't go far enough, say muni-bond analysts and the mutual fund industry.
