Citing 'widespread supervisory failures,' Finra says the firm failed to properly supervise sales of complex products, including certain ETFs, variable annuities and non-traded REITs.
Make sure clients set aside the right amount to optimize savings and avoid unnecessary taxes and penalties.
Survey finds that for all their determination, millennials are willing to take direction from experts.
In exchange for cooperating in SEC's ongoing case involving a former Morgan Stanley broker and a former law clerk, middleman Frank Tamayo will pay $1 million in ill-gotten gains, regulator says.
The regulator is fighting a decision by its administrative judge to dismiss charges accusing two financial advisers of <a href="http://www.investmentnews.com/article/20140902/FREE/140909990/sec-charges-investment-adviser-with-fraud-for-not-telling-clients-of" target="_blank">not informing clients</a> they were paid by Fidelity Investments to sell certain mutual funds.
Accountability, exams and disclosures on the agenda of candidate for SRO's midsize-firm board seat.
Dwayne "The Rock" Johnson plays a retired football player turned money manager trying to win professional athletes as clients.
A so-called summary prospectus would provide information about the risks, costs and benefits of the complicated products in a streamlined manner.
Finra examiners should adhere to a code of conduct when reviewing member firms, Stephen Kohn, a candidate for the SRO's small-firm board seat, asserts. <b><i>(Don't miss: <a href="//www.investmentnews.com/article/20150707/BLOG09/150709942/three-reform-initiatives-that-finra-should-embrace"" target=""_blank"" rel="noopener noreferrer">How to make Finra work: Kovack</a>)</i></b>
Digital investment platforms with human advisers bring in account balances 10 times higher on average than regular robo-advisers.
In order to attract better clients, advisers must first know and understand themselves.
A 68-year-old widower claims wirehouse did insufficient due diligence on the troubled money manager.
Diametrically opposed firms find common ground on importance of manager selection, differ on value of hedge funds.
Three contenders had to work way onto ballot, want reform in exams and arbitration
Richard J. Bernstein managed $425 million in client assets at Morgan Stanley, where he had worked since 2009.
<i>Breakfast with Benjamin</i>: The nation's biggest banks, like JPMorgan Chase, are lumping their broker-dealer units in with other 'non-essential' operations.
A lovely French vineyard will come cheaper than you think, but don't expect the process to be easy.
You may think they're as bullish as you are, but below the bravado, they may be nervous.
<i>Breakfast with Benjamin</i>: Which group is more nervous about the state of the markets? Advisers often misread their own tolerance for risk.
Fifteen Barclays advisers have joined Merrill Lynch in the wake of news that Stifel Financial had agreed to buy their unit.
