A federal judge's approval this month of a class action settlement is good news for representatives from Securities America Inc. whose disgruntled clients named them in arbitration complaints over sales of private placements that went bust.
The five registered representatives who filed a $36 million arbitration claim against National Financial Services LLC, a giant in the clearing industry and business unit of Fidelity Investments, face a daunting task to win their claim, according to industry attorneys.
After regaining the House majority in last year's elections, Republicans haven't been shy about raising their newfound voices.
The financial services industry may have thought it notched a win when Assistant Labor Secretary Phyllis Borzi pulled a proposed regulation that would have expanded the definition of “fiduciary” when giving advice to a retirement plan.
Finra chief executive Richard Ketchum has a lot on his plate — a situation for which he has no one to blame but himself.
Industry-sponsored research says cost to firms would skyrocket if SEC is replaced by SRO
A battle in California over whether representatives at two broker-dealers are employees or independent contractors could have far-reaching implications at independent broker-dealers across the country
Shortfall may be twice what was previously estimated; 'close to exhausting the funds'
While most of us are already well on our way to breaking our New Year's resolutions to lose weight, exercise more or declutter our desks, here are some ideas for resolutions that financial advisers might want to consider — and stick to — for 2012.
Con artists deluging investors with Internet scams; the latest: an e-mail claiming your firm is being investigated by the SEC's whistleblower office
SEC's cost-benefit analysis could prove to be tricky; a little hard 'to get your arms around'
Judge upholds Finra's earlier decision in muni bond fund dispute; ordered to pony up $54M
The SEC's move to step up enforcement actions against investment advisers is only the tip of the iceberg, according to one former SEC official.
Program is for investment advisers now registered with the Securities and Exchange Commission who must register with anywhere from four to 14 states.
Signatures on letters often followed by 'RIA,' implying earned designation; it's not
The Securities and Exchange Commission has pledged to write more clearly beginning this fall.
Commission said to favor plan requiring funds to hold cash reserves; floating rate NAV for those that don't
More than 70% agree that wealthy should kick in more, but half say they're not wealthy
New Jersey's wealthy saying goodbye to on-demand garbage pick up, hello to higher property taxes
