Industry

An enforcement action from the Securities & Exchange Commission is a timely reminder to advisors to disclose any financial benefits their firm may receive from the broker-dealer it recommends to clients.

The new AIG Advisor Group system will allow its advisors’ clients to select a trusted family member or friend to help them make smarter financial decisions, explains Larry Roth, president and CEO of AIG’s Advisor Group, one of the largest networks of independent broker-dealers in the country.

Community Capital Management is expanding it’s northeastern presence with a new hire and a new office.

FINRA fined Merrill $1.05 million and ordered the firm to pay more than $323,000 in restitution for over 12,000 trades executed on its ML BondMarket platform.

Doug Heding joined the Private Client Reserve as a private banking officer in Milwaukee; Kenan Aksoz joined as a wealth management consultant in Minneapolis.

Goldman Sachs reported earnings that topped analysts’ estimates on a 63% gain in revenue from underwriting stocks and bonds.

Goldman Sachs Group Inc. set aside $4.34 billion to pay employees in the first quarter, about 1 percent less than a year earlier, as the firm employed 400 fewer people.

Small businesses are more likely to comply with the tax laws if they are in certain communities in the country and if they have more trust in their tax preparer, according to a report by the Taxpayer Advocate Service.

While some men and women have left New York for a better life in Florida, there are other areas that are beginning to attract the financial community.

Vanguard is shaking up its government relations office.