Practice

A federal judge in Orlando, Fla., has permanently barred Richard Goble, president of a defunct clearing firm and a critic of the Financial Industry Regulatory Authority, from the securities industry and ordered him to pay a fine of $7,500.

Worries about the future of Social Security and of Medicare, as well as the experience of the last market crash in 2008-9 and the housing slump, have left an increasing number of Americans worried about whether they will have adequate resources to provide for their retirement years, and are making them more open to financial advice.That’s one finding from the latest annual Survey of Worker Attitudes Towards Retirement Savings Needs conducted by the Employee Benefits Research Institute (EBRI).

A FINRA arbitration panel awarded $1.76 million to an investor group who participated in Madoff feeder fund Rye Select Broad Market Fund and other investments.

Worries about the future of Social Security and of Medicare, as well as the experience of the last market crash and the housing slump, have left an increasing number of Americans worried about whether they will have adequate resources to provide for their retirement years, and are making them more open to financial advice.

A federal judge has permanently barred Richard Goble, president of a defunct clearing firm and a one-time member of the board of the Financial Industry Regulatory Authority, from the securities industry and ordered him to pay a fine of $7,500.

A House Ways and Means Committee panel plans to hold a hearing next Thursday on a bill that would prohibit state and local governments from issuing tax-exempt bonds unless they meet certain pension disclosure requirements.

Banks and several large technology companies, including Apple Inc. and Microsoft Corp., argue that because the Fed's proposed 12-cent interchange fee cap does not properly take into account the costs of fraud and fraud prevention, banks will inevitably have less money to protect data security, making the entire system less safe.

If you had an extra 100 hours each year (two extra hours a week) how would you spend it?

When Lyle LaMothe said on March 3 that he would step down from his post as head Bank of America Merrill Lynch’s U.S. wealth management business, industry speculation immediately set into motion regarding his replacement. And then the wait began.

Regulatory reform was on the top of everyone’s minds at the Women Advisors Forum in New York City on Thursday.