Corporate governance

Young athletes are raking in as much as several millions of dollars a year, but the nascent legalized pay for student-athletes needs reforms, a new study said.

JPMorgan, along with Charles Schwab and a New York-based RIA, stand accused of not doing enough to prevent the son of an 84-year-old widow from stealing his mother's life savings.

Regulators can still conduct informal investigations but need higher-up permission to issue subpoenas for testimony or documents.

The big payday comes after a year in which the bank made progress toward the removal of a federally imposed asset cap.

Citi also announced it had hired Christian Zeinler from UBS to be the head of strategy for Citi Wealth and head of business execution for the private bank.

Last year saw the biggest U.S. bank break its own record for profitability.

New chief executive Tony Miller has served as president of the large regional brokerage firm since 2023.

With 37% of financial advisors expecting to retire within the next decade, rookies are still failing at a 70% clip within their first five years, according to a new Cerulli study.

Failing to have a solid succession plan is one of many risk factors that can tank an advisory practice's selling price, industry pros warn.

Whether by partnering with outside professionals or gaining additional certifications or qualifications, advisors have been adding guidance on insurance, health care, taxes, estate planning and more.

CEO Ted Pick said nearly half of net new assets Morgan Stanley brought in last year landed in fee-generating accounts — and that's right where he wants them.

The regional giant reported $2.2 trillion in client assets last year, despite seeing its net new flows decline.

Regulators have handed down more than $3 billion in penalties over employees' alleged failures to record business-related messages sent on services like WhatsApp.

Regulators accused the online brokerage of failing to accurately report trades, comply with short selling rules and maintain proper books and records, among other things.

The firm says a summer intern who was turned down for a full-time position sent harassing messages that led it to close its Atlanta office for two days in January.

The mega bank says more than half of its roughly 300,000 are already back in the office every day of the work week.

While not denying the benefits of PE backing, a subset of RIAs and wealth managers remain determined to go it alone.

Even though some firms have been able to command top dollar selling themselves to large aggregators, plenty of variables are still helping to hold purchase prices in check.

Like any ranking, the list from SmartAsset comes with some caveats. But these firms are catering to a lot of high net worth and ultrahigh net worth clients.

Jefferies was among a group of firms cited by the SEC in its recent sweeping investigations into illegal "off channel" communications.