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The SEC said Tuesday that it has "increased its attention to securities violations by municipalities and other participants in the market for securities of cities and other governmental issuers," but did not give any statistics.

Companies usually keep a low profile when the SEC investigates them. Robert DePalo decided to sue.

Reliance on branches has declined as people conduct more business through digital channels such as online and mobile banking, pushing community banks to take a harder look at digital offerings.

While the landscape for low-cost fund options for do-it-yourselfers is expanding, John Bogle, founder and retired CEO of the Vanguard Group, believes DIY product offerings are too often inappropriate for long-term investors, who are at risk of being led astray.

Unlike many ultrahigh-net-worth individuals and families, the new rich rely primarily on income from their jobs for their wealth.

The firm hired five directors in Chicago, Seattle and Palm Beach Gardens as part of its campaign to boost its sales force and professional staff.

Seeking to avoid the "embarrassment," "annoyance" and "expense" of a lawsuit, the CFP Board is asking a federal judge to quash most requests for documents and depositions from two planners who are suing the organization.

Jefferies Group, the securities firm owned by Leucadia National, said profit rose 68% as stock underwriting more than doubled and investment- banking revenue reached a record.

There’s a 40% to 60% chance that the Federal Reserve will announce a reduction in its asset purchase program tomorrow, according to Mohamed El-Erian, chief executive officer of Pimco.

UBS AG, the world’s largest wealth manager, said clients are shifting money to be managed directly by the bank or pay for advice in a reversal of previous outflows after it revamped services to boost profitability.