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Oppenheimer Holdings will pay $20 million to settle U.S. regulatory claims that it improperly sold billions of shares of penny stocks on behalf of an offshore brokerage.

If the buck keeps rising, which investment tactics will offer the highest payoff for clients?

The American Institute of CPAs has written to some of the top tax lawmakers in Congress asking them to grant relief to taxpayers in appropriate situations when they miss a statutory deadline or make an error in choosing an election.

Raymond James & Associates recruited advisors from Oppenheimer & Co. and Wells Fargo Advisors, each with close to $1 million in revenue.

One of the San Francisco Bay Area’s most prominent independent wealth management firms is selling a majority equity interest.

The claim represents more than half the awards handed out by the regulator against advisors so far this month.

The beginning of the year is a great time to handle many estate planning tasks. Use this to-do list with clients to give their plans a review and update.

Two wirehouse advisors generating $1.3 million in annual revenues joined RBC Wealth Management.

"The prospects for organic growth for RIAs and IBDs have never been greater. We expect to see more lift-out and advisors turning independent activity in 2015," says Liz Nesvold, managing partner of New York-based investment banker Silver Lane.

One of the first new investments from parent company RCS Capital will become available to all nine – and eventually 11 – IBDs by May.

Fed officials have been calling on banks to strengthen their ethical cultures. The message will carry more weight if regulators are willing to turn the spotlight on their own practices.

For vendors in the data security realm serving asset managers, banks and other financial institutions, the Morgan Stanley data breach incident serves as a reminder of the greater roles they now have.

Iran will get its first index exchange- traded fund tomorrow with the instrument’s creator betting on growing foreign demand for the nation’s stocks as it nears a deal to end sanctions over its nuclear program.

Clients can lengthen their long-term care insurance policy's elimination period, making the coverage more affordable; Plus, deciding whether a Roth or traditional IRA is right for your client.

The regional broker-dealer lands three new recruits for its employee channel, including one who managed more than $100 million AUM.

Some fixed-income funds behave like equities, failing to give sufficient downside protection to a diversified portfolio.

FINRA banned a rep for allegedly forging a customer's signature on bank withdrawal slips, a move that allowed the customer's sister to steal $3,900 from the customer's account. Two others were suspended for relatively minor infractions.

The asset management firm made the new hires during a recruiting push in the last quarter.

Buy an index fund and let the bull market guide you to a 44% gain. Most money managers who actually pick stocks couldn't match the Standard & Poor’s 500 Index, let alone beat it. Thanks to three weeks of volatility, that’s beginning to change.

Focus partner firms managed $31 billion and advised on another $10 billion, according to their recent ADV filings -- considerably less than the $70 billion in "total client assets" the firm had previously publicized.