Practice

The recession rocked women’s confidence in their investment decisions, according to a survey released Thursday by MassMutual.

The more you hear about the SEC examination process, the more you realize that the examiners can't quickly recognize the honest advisors from the crooks, and are generally more interested in finding fault with the honest advisors than identifying the crooks.

Criminal charges were filed Thursday against a former financial advisor at UBS Financial Services whom the Securities and Exchange Commission charged with siphoning $3.3 million from investors to pay for luxury cars, prostitutes and gambling debts.

The search function lets advisors root out detailed profiles of existing clients, prospects or professional connections using a wide array of variables.

Assets in 529 college savings plans have grown 56% in the past 24 months, beating industry estimates by 30%, Financial Research Corp. told the College Savings Foundation at its annual conference in San Diego yesterday.

The Securities and Exchange Commission charged a hedge fund manager with diverting investment proceeds of over $12 million into other funds, which he then used to fund a real estate venture and a San Francisco record company.

Philip Hill has joined First Republic Private Wealth Management in San Francisco as a portfolio manager and managing director.

The Securities and Exchange Commission on Wednesday unanimously agreed to propose amendments to its Rule 2a-7 that would remove all credit rating references from the rule, which requires money market funds to invest in high-quality and very liquid short-term securities.

An “onerous regulatory environment” and funding volatility have been the reasons why many private sector companies have shied away from providing pensions to their employees, new research states.

Even if the Dodd-Frank financial reform law is implemented flawlessly, two men in a position to know say it won't be enough to stop another financial crisis.