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A practice management expert offers insight into the land of the semi-captive and dually registered advisor.

The precious metal plays the role of insurance: There when you need it and quiet when you don't.

The Bank of New York Mellon Corp., the country's sixth-largest bank with more than $1.3 trillion in assets under management, said late Wednesday that Robert Kelly has stepped down as chairman and chief executive officer due to differences with the bank’s directors regarding his management approach.

A Financial Industry Regulatory Authority arbitration panel has ordered Wedbush Securities and one of its former brokers to pay $2.9 million in damages and fees to an elderly investor who allegedly fell victim to a faulty investment scheme.

The Securities and Exchange Commission is seeking public comment on the use of derivatives by mutual funds over the next 60 days after publication in the Federal Register. If it determines that new regulations to protect investors are necessary, the SEC will consider passing and enforcing them.

The trade group representing clearing agents and exchanges in the futures market says that the Commodity Futures Trading Commission has underestimated the costs of potentially requiring broker-dealers and clearing firms to record phone and electronic communications and store records.

A bad day for financial engineers in Chicago continued Wednesday, when the Securities and Exchange Commission said the assets of a quantitative trading firm were frozen.

Over the next five business days through Sept. 6, the Dow Jones Golden Crossover Large-Cap Total Stock Market Index will decrease its equity allocation from 100% to 25%, moving that 75% allocation into the cash equivalent of short-term U.S. Treasury bills.

Fears of another recession could prompt corporate Treasurers and lenders to withhold financing, which in and of itself could raise the probability of less liquidity and further economic weakening.