Practice

On the one-year anniversary of the Flash Crash, Securities and Exchange Commission chairman Mary L. Schapiro said the behavior of high-frequency trading firms will be closely scrutinized -- and placing obligations on high-speed traders to maintain markets in stocks "remains on the table.''

But so far, it is not drawing in new demographics.

Ninety percent of advisors said they aren’t doing enough to market and publicize their practice effectively, according to a survey by Peak Advisor Alliance. Most still wary of social media.

The Securities and Exchange Commission has proposed requiring financial firms to report in real-time either short sale transactions or positions as part of an initiative to increase disclosure on the popular practice

A group of motivated financial planners in Massachusetts are using their skills to help people in need – cancer patients at Boston’s esteemed Dana-Farber Cancer Institute.

Wells Fargo failed to promptly send prospectuses to certain mutual fund customers and update records for representatives employed by the firm, FINRA said.

Here’s a sad truth—you can spend your days absorbing knowledge and becoming very intelligent, but if you don’t do anything with that knowledge, you’re no better off than somebody else who sat around eating popcorn and watching reruns of Fantasy Island.

The rich will be getting even richer over the next decade and the pool of investors formerly identified as merely affluent will soon make the leap to millionaire status, creating plenty of growth opportunities for wealth managers and investment firms in the U.S. and abroad.

While the entire financial services industry simultaneously bemoans and braces for more oversight and regulation, advisors out in the field have to do a better job of understanding and articulating the difference between independence and objectivity when it comes to dispensing investment advice to existing and prospective clients, according to a new research report released this week by SEI.

Fidelity Investments announced that its ultra-high-net-worth program for independent RIAs has reached almost $2 billion in assets in just the first six months since its launch in October 2010.