Hedging equities with option income loses some luster, but still works for certain clients.
The firm was also ordered to return $8.25 million to retail customers.
According to the SEC and Finra, for years Merrill botched the reporting threshold for potential suspicious transactions.
The bureau will keep $90 million, with the rest going to consumers, Office of the Comptroller of the Currency.
First rule: There must be at least a decade between 'I do' and 'I don’t.'
Jason Johnson founded 509 Wealth Management in 1998 and manages approximately $400 million in assets.
A giant international player that doubled down on the failed bank now heads for U.S. hockey, basketball.
The firm has launched two brands to differentiate between high-net-worth and ultra-high-net-worth clients
Even stronger data from China is not enough to add a spark to markets early Tuesday
Further increases are looking more likely as the central bank tries to tame inflation
JPMorgan Chase says investors who bought currency hedges are seeing underperformance
The Labor Department's advice rule is likely to lead to controversy over whether a recommendation to roll funds from a 401(k) to an IRA constitutes advice.
Acquirers say the highest-quality firms still command high valuations, while the rest are seeing new deal structures.
The Alabama Securities Commission issues a cease-and-desist against two men who scammed 88 victims out of more than $22.5 million.
Broker-dealers are gaining the double whammy of billing higher fees based on more client assets as well as generating more revenue from higher interest rates.
A new survey shows consolidation, business failures are on the cards as the asset management industry faces an 'existential' threat.
The parent of failed Silicon Valley Bank is chasing cash held by the regulator.
The SEC is working on proposed rules related to artificial intelligence and other technologies, and Senate Majority Leader Chuck Schumer has announced a framework for AI legislation.
The rational, eat-your-vegetables approach to retirement peace of mind only goes so far. Advisors must become more adept at helping clients to prepare emotionally.
Morgan Stanley and JPMorgan seize the initiative, while smaller firms grapple with a lack of standardized data.
