Industry

These investment advisories paid the price for passing along performance data faked by a third-party manager.

To help identify fraudulent advertising , advisers will be required to create and maintain documents that demonstrate performance calculations or returns.

The group includes two recruits who began their careers in the late 1970s.

The recruit joined a practice opened by a former complex director from the same wirehouse.

Edward Wedbush allegedly failed to supervise mandated regulatory filings.

For one strategy, clients should create income streams that have built-in protection, such as Social Security and long-term insurance.

The wirehouse is also reorganizing how it deploys a number of product and service consultants and technology specialists.

The wirehouse advisers generated a combined $2 million in annual revenue at the time of their departure.

Established firms have an edge as the M&A market moves toward another record year.

The country's largest independent broker-dealer says compliance with the new fiduciary rule will offer competitive advantages.