Andrew Welsch

Ameriprise lost several arbitration cases in attempt to claw back more than $800,000 in stock awards the firm gave to two former employees.

Jim Weddle, head of the firm, says the new regulation "will increase the public's trust and confidence in what we do for them."

Rep. Ann Wagner of Missouri called on Congress "to stop this ill-advised rule."

The timeline for implementation is extended, and proprietary products won’t be effectively banned.

Three former advisors at the wirehouse accuse Merrill of failing to provide them with adequate support to serve international clients.

A FINRA arbitration panel sided with UBS, which sought damages for breach of promissory notes.

The executive's promotion comes as a search is underway to replace retiring CEO John Taft.

The regional firm recruited four wirehouse advisors.

The move fills a vacancy created by several recent promotions.

The acquisition appears to be progressing smoothly, but insiders caution that advisors can still change their minds between now and when the deal closes in September.

Raymond James is seeking to undo a fired advisor's arbitration win against the firm, arguing that a FINRA arbitration panel exceeded its powers.

Although an arbitration panel sided against the wirehouse, it awarded her far less than the $476 million in damages she had sought.

The timeframe for implementing the rule is unrealistic under the original proposal, according to the general counsel for SIFMA, an industry trade and lobby group.

The veteran advisor joined the firm as Credit Suisse exits the U.S. wealth management market.

Two veteran advisors overseeing over $210 million left the wirehouse this week to join the independent firm that is affiliated with Raymond James.

The head of Wall Street's chief regulator doesn't see "why a best interest standard shouldn't apply across all products and all activities."

Research firm Cerulli Associates anticipates "unexpected changes" in the retirement space as a result of the Labor Department's proposed rule.

The industry's leading lobbying group, SIFMA, says that the Labor Department's fiduciary proposal would result in a messy regulatory framework that could spur the SEC to restore order to the chaos.

The finance website is looking to recruit planners for its new platform where investors can pose questions directly to financial advisors.

Advisors should start getting up to speed now if they want to keep their heads above water when the rule begins to be implemented later this year, experts say.