May 20, 2013
FINRA has increasingly put more firms on notice that they should expect their branch office doorbells to ring more often. In the past two years, FINRA has changed its approach when conducting examinations, favoring branch office inspections in lieu of the home office visits that it used to emphasize, said Susan Axelrod, executive vice president of regulatory operations at FINRA, at the self-regulatory organization’s annual conference on Monday.
May 20, 2013
A great wealth transfer may indeed be looming, but advisory firm executives are still focusing their creative energy on their boomer (and older) clients.
May 20, 2013
SEC Commissioner Elisse Walter endorsed a uniform fiduciary standard for all investment pros … then invited her audience to fight industry fraud and abuse by becoming whistleblowers
May 20, 2013
NAPFA named management consultant Geoffrey Brown on Monday as its new CEO, succeeding Ellen Turf, who held the post since 2002.
May 20, 2013
Bank advisors producing $120,000 in revenue had an average payout of 20% last year; those producing more than $2 million averaged 41%.
May 20, 2013
Only about 2,100 SEC-registered investment advisors switched their registration to state oversight, according to the North American Securities Administrators Association -- roughly half the number that the SEC estimated would switch as a result of the Dodd-Frank Act.
May 20, 2013
The firm completed a round of financing and added two new directors to focus on recruitment.
May 20, 2013
Janney has picked up a former Morgan Stanley duo with over $1.5 million in production.
May 20, 2013
The Securities Industry and Financial Markets Association named former New Hampshire governor and U.S. senator Judd A. Gregg as its next chief executive officer. Gregg is known for advocating bipartisan approaches to balancing the national budget.
May 20, 2013
The Financial Industry Regulatory Authority will present the latest on fiduciary rules, enforcement and other issues affecting financial advisors at its annual three-day annual conference opening today in D.C.
May 20, 2013
Sales of corporate bonds in the U.S. are surging toward the busiest May ever as borrowers race to the market before demand dries up with Bill Gross and Warren Buffett cautioning against buying debt at all-time low yields.
May 20, 2013
Credit Suisse has filed with the SEC to launch the Gold and Income Strategy Fund, which will be available in institutional shares
May 20, 2013
ETF flows in the second quarter continued at almost the same torrid pace as they did in the first quarter and seem well on their way to adding $200 billion in new investor funds in 2013.
May 20, 2013
Barry Evans has been named president of John Hancock Asset Management North America.
May 20, 2013
Fidelity Investments has rolled out a smartphone application for NetBenefits 401(k) plan participants.
May 20, 2013
The municipal bond market may benefit from the shake-up at the Internal Revenue Service as the newly named acting commissioner Daniel Werfel has close ties with state and local governments and is viewed by market groups as a strong ally.
May 20, 2013
Aside from an $800 million New York City general obligation refunding planned for Wednesday, there will be few large deals to grab investors' attention in the municipal market this week as approximately $5 billion in new issuance is expected on the heels of a quiet end to last week's activity.
May 20, 2013
The House passed a controversial bill on Friday requiring the Securities and Exchange Commission to conduct additional economic analysis on its rules.
May 17, 2013
A U.S. District Court ordered a former Ameriprise advisor to serve a year of house arrest and pay restitution for defrauding a client.
May 17, 2013
Debralee Nelson, a recruit from J.P. Morgan Chase, will drum up business among ultra-high-net-worth clients in the New York Tri-State region.
