Laura Cronin, enterprise transformation officer and former CFO at Fidelity Investments, is departing. That makes three bigs who will leave the firm this year.
Just days after announcing job cuts domestically, Legg Mason Inc. is looking to make acquisitions or lift-outs internationally to expand its presence abroad.
The Massachusetts Securities Division today filed a complaint against Securities America Inc., charging that the broker-dealer and subsidiary of Ameriprise Financial Inc. misled investors when it sold them private-placement securities.
Invesco PowerShares Capital Management LLC today launched nine small-cap-sector exchange-traded funds, but that's going to be the last new offerings the firm rolls out for a while.
Former brokers with disciplinary records are going to find it harder to cover their tracks if the Financial Industry Regulatory Authority has its way. Today, the brokerage industry's self policing body proposed further expansion of broker information available through its free BrokerCheck service.
With the federal estate tax law having lapsed — and no sign that Congress is planning to address the issue anytime soon — a growing number of states are taking matters into their own hands.
Two former financial advisers who were barred from the securities industry have sued Utah for $357.6 million, accusing state regulators of targeting them without proof of wrongdoing in an over-zealous campaign to bring down securities violators.
Desperate to hang on to the gains in their clients' portfolios over the past few months, financial advisers are selling positions and moving into cash.
