Finance

Daniel Gallagher is resigning his post as a Republican member of the U.S. Securities and Exchange Commission after four years, a time marked by partisan battles over the regulatory response to the 2008 financial crisis.

Count Bill Gross among the world’s biggest philanthropists.

The IRS follows the federal law in viewing marijuana businesses as illegal for tax purposes. This creates a number of tax issues for representing these clients.

The DoL's fiduciary proposal has been framed as a way to help the middle-class avoid excessive fees and bad advice from their financial advisor -- but is there enough transparency?

First-quarter results from U.S. Bancorp and PNC Financial Services Group show banks have little choice but to wait until the Fed raises interest rates. They have cut expenses almost as far as they can go, and fee income is limited in how much it can offset narrower spread income.

Sources say the review of the firm's Australian wealth management business may lead to a sale.

Without millennials, financial institutions will find themselves in a precarious position in coming years.

As growth in the region creates more millionaires, Citigroup is targeting a 10% increase in its Asian wealth assets under management this year.

For all the talk about when Fed policy makers are going to raise interest rates, they haven’t quite figured out how to do it.

NYC Comptroller Scott Stringer is proposing that the state enact a law requiring financial advisors to disclose whether they put their own interests above those of their clients.

The Minnesota Society of CPAs has compiled a list of red flags that could trigger an audit from the IRS if they apply to your clients' tax returns.

Even before the details are out, Mary Jo White's move to insert the SEC into the debate on whether to tighten rules for brokers has given ammunition to both Wall Street firms and consumer groups in the biggest financial policy battle in Washington.

Morgan Stanley is shifting top executives at the wealth management and capital markets units to give the firm's leadership broader experience with its main businesses.

An advisor's initial instinct when notified of a pending examination may be to worry or be nervous. We recommend that you take fear out of this process, though. Once you receive notification of a regulatory examination, stay calm and follow these seven steps.

There’s a gap between the White House and Wall Street’s main regulator over a push to tighten broker rules. To the investment industry, it’s an opening to exploit.

After suffering continuing losses in his prior role as manager of Pimco, Gross now sees his first month of net withdrawals at Janus Global Unconstrained Bond Fund.

Just because the Federal Reserve is about to raise interest rates, don’t expect savers to benefit.

The firm named Prudential's Tidjane Thiam to replace Brady Dougan as chief executive officer as the bank grapples with declining profitability at the securities unit and weakened capital.

French investigators are seeking to detain three former executives for questioning amid allegations the Swiss lender helped clients evade taxes, said a person familiar with the case.

Investor confusion over fiduciary standards won't disappear despite the efforts of the White House and the DOL, argues Jim Allen, head of capital markets policy in the Americas at the CFA Institute.