Practice

ING announced Friday it hired Orlando R. Cruz as president of its individual retirement investor channel.

While half of U.S. banks are aware of the opportunity with mass affluent investors and are busy enhancing their online capabilities, the other half believe they distinguish themselves from the Charles Schwabs of the world with in-person advice.

The OCC and Fincen issued a $7 million civil money penalty against Pacific National Bank of Miami for Bank Secrecy Act violations and failing to comply with a previous order.

The U.S. Attorney for southern Florida and the FBI on Thursday charged a one-time entrepreneurial whiz kid who already has spent time behind bars for fraud with manipulating the stock of a public company. Using, among Internet-related communication mechanisms, YouTube.

Managers of hedge funds and other alternative funds know they'll be subject to more stringent regulatory requirements in the wake of the Dodd-Frank Wall Street Reform Act but for now it's business as usual and right now that business is booming.

The current SEC inspection and audit process is kind of silly, at best, and a waste of resources, at worst. FINRA's process, from what I've been told, makes even less sense. But what can we do to improve things?

Jason Schlesinger comes to Baird after three years at Wells Fargo and eight years at Bank of America Investment Securities.

Facebook and Twitter may have the market cornered when it comes to immediate, mass-audience polling and recommendations, but when it comes time to select the person who will be responsible for a person's financial livelihood, investors still want to a referral from a trusted relative or friend.

When you talk to the public about the Japan situation, begin by recognizing this is first and foremost a human tragedy.

The SEC is seeking industry comment on a proposal to require broker-dealers to follow the same rules as transfer agents when it comes to finding so-called “lost shareholders.”