Practice

PHOENIX-Exactly who will create and enforce a new, uniform fiduciary standard for not just brokers, but investment advisers, as well?

Nasdaq OMX Group acknowledged Saturday that a Web-based service that promised more than 10,000 directors of corporate boards that they wouldn't have to worry about their communications "being posted on the Web or landing in someone else's inbox" had "potentially" been hacked.

Five days before a House panel is set to hold a hearing — “State and Municipal Debt: the Coming Crisis?” — governors are insisting that municipal securities are among the safest investments and that states are keenly aware of the need to repay their obligations.

Some lawmakers, industry insiders and consumer advocates say a legislative role is needed to ensure rules are binding and combine various state and federal policies.

The SEC's Chairman declared Friday that the Wall Street firms it is supposed to watch and prevent from disrupting increasingly high-speed digitally driven markets spend far more on technology than the Securities and Exchange Commission has at its disposal for all its functions.

AXA Rosenberg said it agreed to pay $217 million to cover investor losses as well as a $25 million civil penalty, in a settlement with the Securities and Exchange Commission regarding a coding error with its risk model.

Tom Breaux and Ian James join Raymond James as financial advisors and will operate independent firm Capital Financial Group.

The Securities Industry and Financial Markets Association spells out the unintended consequences of the proposed regulation.

Why do some people excel under pressure and others don’t?

Getting to the next level is the biggest challenge for advisors. Here's a unique approach to the age-old conundrum.