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Lincoln Financial Group unveiled Lincoln InStep, an educational program for retirement plan participants designed to raise advisors awareness of products, services and strategies to help defined benefit contributors maximize their retirement savings investments.

The Financial Industry Regulatory Authority fined Chicago-based Nuveen Investments $3 million for creating and distributing misleading brochures to promote the sale of auction rate preferred securities.

Exchange traded funds continue to gain in popularity with both retail and institutional investors but actively managed ETFs represent only a tiny fraction of the more than $1.1 trillion in assets trading in U.S. ETFs.

By listening to what individual investors are saying, wealth management firms can better serve various age demographics and clients, Bank of America President of Global Wealth Investment Sallie Krawcheck said at a FINRA panel.

They plan to boost their staff by 30% over the next 12 months, Fidelity finds.

Despite assertions they got off easy in Dodd-Frank, foreign banks operating in the U.S. are increasingly worried they will be targeted by some of the law's toughest provisions.

Two big-bank executives said that unless Congress delays Dodd-Frank's cap on debit interchange fees, they are ready with options for new consumer and merchant fees.

Given the rocky results of past couplings, rival brokerages and observers will be closely watching Sterne Agee & Leach's acquisition of an unidentified bank.

The schizophrenic behavior of the U.S. economy in the past six months has forced large consumer products firms to look outside their own empires for new revenue sources. Fortunately, most of them have plenty of cash to spend.