Practice

LPL advisor Stephen Wedel is wowing clients by creating retirement income streams out of investment sources most advisors don’t touch.

“We have just established a framework,” the Connecticut Democrat said at SIFMA's annual conference on Monday. “The rest is up to regulators and many in this room. It is the government’s duty to set the parameters and remain a vigilant watchdog.”

In another outgrowth of the May 6 Flash Crash, the Securities and Exchange Commission Monday approved rules that would effectively prohibit "stub quotes" in the U.S. equity markets.

NEW YORK-The financial services industry actually embraces the Dodd-Frank Wall Street Reform Act and related rules and regulations, as a means of restoring faith in its part of the economy, the heads of private client service and capital markets firms said Monday.

The economic downturn took a toll on how much money wealthy families donated to charity in 2009, with average gift amounts tumbling by 35% from 2007, according to a Bank of America study released on Tuesday.

As the mutual fund industry faces potentially huge changes to the way it does business, BlackRock is pressing the Securities and Exchange Commission to take measured steps to ensure that smaller investors do not get shut out of whatever marketplace emerges from the new policies.

The Securities and Exchange Commission has to get to the bottom of what its chairman, Mary L. Schapiro, called "loose" capital markets on Monday.

Americans view retirement planning as the most difficult financial task, a survey of 4,000 investors by Hearts & Wallets found.

“Financial institutions and Wall Street’s favorability rating is below Congress, which is a feat unto itself right now,” a speaker at SIFMA’s annual conference said Monday.

The Securities and Exchange Commission Wednesday unanimously voted to ban 'naked access' to stock markets by unregistered entities.