Finra has ordered Wells Fargo and Merrill Lynch to pay $5.1 million to settle charges related to sales of bank loan mutual funds -- just as investors are stampeding into such funds.
Bank's raised $3M in revenue so far this year off levy
Industry growth requires a renewed commitment to investing in the next generation
Finra has gotten the go-ahead to issue a monthly letter divulging complaints against reps. Not surprisingly, this doesn't sit well with some brokers.
Consolidating five platforms into one; rollout expected in September.
Investors' approval of their advisers continues to increase after dropping sharply in the aftermath of the credit crisis. Liz Skinner tells why.
Since the dark days five years ago when Lehman failed and Merrill sold its brokers to Bank of America, advisers and financial markets have recovered but clients remain scarred and nervous, worried about a repeat. What are the chances?
Morgan Stanley gets regulatory OK to wrap up the deal for Smith Barney as early as next week. Is CEO James Gorman smart or lucky?
James Gorman's latest prediction about the profit margins at Morgan Stanley's brokerage speaks volumes about just how far the wirehouse has come in a few years.
James Gorman once set a 20% margin target for Morgan Stanley's wealth management operation — then lowered it. Given the stellar 1Q performance of the unit, maybe he should go back to the original goal.
Choosing between tennis and banking isn't easy but 140 mph serve helps
Judge denies most claims; next stop is Finra arbitration.
A brother and sister team with strong family ties to Salomon Smith Barney have left Morgan Stanley to go indie. The brokerage, said the brother, 'wasn't the same company we grew up with'.
Robert Mulholland has breathed new life into the adviser ranks of UBS since the wirehouse's low point in 2009. It hasn't been easy. | <a href=http://www.investmentnews.com/gallery/20130509/FREE/509009998/PH>How does UBS rate with customers?</a>
Opinion: Facebook flop doesn't look good for Morgan Stanley
Finra chief says fixed income, structured products demand straight talk to clients.
Disclosure could eventually end era of big bonuses, saving firms a bundle
