Finra is investigating Wells Fargo Advisors LLC to determine whether the firm of 16,000 advisers violated rules that protect private client information.
Adviser Mark Penske requires all of his employees to clean off their desks — including clearing all paperwork — before leaving the office each day.
The Securities and Exchange Commission has expanded its probe of Bank of America to include possible failure by the bank to disclose mounting losses at Merrill Lynch.
Many advisers feel stymied when it comes to adopting social media. But for independent registered investment advisers whose main hurdle has been lack of a low-cost archiving, help is on its way.
Financial advisers love websites and applications that increase their efficiency and improve interactions with clients — even if those online tools are not specifically designed for advisers.
Like everyone else, it seems, many advisers and brokers are atwitter about Twitter, the free social networking utility.
The host of a radio business program is accused of taking part in a $20 million investment fraud targeting Iranian-Americans in the Los Angeles area.
Hedge fund operator Raj Rajaratnam and a codefendant pleaded not guilty Monday to charges they were major players in a scheme that used inside information to make stock trades that generated millions of dollars in profits.
A veteran filed suit Friday against Wells Fargo Advisors for allegedly distributing his book of business to other brokers while he was in the Middle East.
A former SunTrust Robinson Humphrey broker has won $4 million in a defamation claim against the firm.
Swiss bank UBS AG has been fined 8 million pounds ($13.3 million) for management failures which allowed employees to make unauthorized trades with customers' accounts, Britain's financial regulator said Thursday.
Advisory firms will be focused on building their businesses this year, after spending the last two years just trying to hang on to the clients they have.
Several websites are now available to assist and guide advisers and their clients through the process of legacy planning.
Disbarred South Florida lawyer Scott Rothstein is negotiating a guilty plea with federal prosecutors on charges of orchestrating a $1.2 billion Ponzi
An Indianapolis woman has been sentenced to four years in prison after she was convicted of defrauding investors in an Internet business venture.
A federal judge in western New York has sentenced an investment fund manager to six years in prison for helping run a $33 million Ponzi scheme.
A former stockbroker accused of running a $21 million Ponzi scheme from his suburban Denver home for 15 years has pleaded guilty to felony mail fraud.
A former University of California lineman who spent time in the Tennessee Titans' camp in 2001 has been sentenced to 57 months in federal prison for his role in a $5 million Ponzi scheme.
