Andrew Welsch

An ex-American Realty Capital executive allegedly overstated a key accounting metric by roughly $13 million, according to the SEC and federal prosecutors.

From hiring sprees to accelerating software launches, companies are gearing up for the significant expenses and changes wrought by the new regulation.

The wirehouse's three newest recruits are all industry veterans.

"The key to success in this deal was finding the right partner," says Haig Ariyan, president of the firm's new Alex. Brown division.

The case is the latest related to alleged misconduct by a barred wirehouse broker who was also a nightclub owner.

The regional firm's new recruits have experience in designing corporate equity compensation plans.

Clients are becoming less cautious about upping allocations to developed international and emerging market stocks, planners report.

Three advisers joined the firm's Advisor Select channel, where they are employees but can make additional business-decisions for their practice.

The firm's newest recruits come from boutique brokerage J.P. Morgan.

“How I do retirement plans today is very different from how I did it 15 years ago,” says Merrill Lynch adviser Jason Ting.

The firm's newest recruits generated $3.6 million in annual revenue.

The department is defending the rule in three cases brought by Wall Street trade groups, which are aiming to dismantle the new regulation.

The agency also proposed a rule to permit cities to create their own savings plans.

The wirehouse is also reorganizing how it deploys a number of product and service consultants and technology specialists.

The veteran supervisor got his start at Merrill Lynch in the early 1980s.

The adviser, who was ranked in On Wall Street's Top 40 Under 40, is accused of conducting more than $1 million in private security transactions without notifying his employer, Hilliard Lyons.

The advisers, one of whom is a former football coach, are among the first to join the wirehouse since UBS unveiled sweeping changes to its comp plan.

The firm is among the first to detail how its 14,000 advisers will comply with the new regulation.

The chief executive of Foothill Securities said he was motivated to look for a buyer for some assets because of rising compliance costs.