Practice

Two British twins in their teens bilked $3 million from American investors and stock promoters with tales of using a sophisticated bot to pick stocks, according to the U.S. Securities and Exchange Commission.

Advisors feel that social media is a "wise use" of asset managers' time and resources and just over one-third believe asset management firms are "not yet seeing the value" of social media.

This week, IRA expert Ed Slott answers questions about IRA rollover rules and trustee-to-trustee transfers.

On April 20, MME learned that Oculus is planning to launch a new unit within the firm.

LPL’s board of directors has been putting a lot of trust lately in some of chairman and CEO Mark Casady’s longest-serving, highest-flying lieutenants.

Despite the easy passage of Rep. Eric Cantor’s Small Business Tax Relief bill, H.R. 9, in the House of Representatives, RIA firms aren’t likely to be counting on any tax savings at this point.

On April 20, CPI added a new retirement consultant.

Regulators on Thursday heeded complaints by financial institutions to provide precise guidance on when they would have to comply with the so-called "Volcker Rule," saying full compliance was not expected before July 21, 2014.

The Atlanta-based company unveiled a new branding service for advisors.

The SEC now charges that a Chicago securities dealer whose chief financial officer was a one-time chief financial officer of optionsXpress continued to trade as a customer account under optionsXpress’s auspices, after delisting itself from the only market of which it was a member, the Chicago Board Options Exchange.