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FINRA has fined Citigroup Global Markets $725,000 for failing to disclose conflicts of interest in its research reports and public appearances by analysts.

David Chambers, a former head of Personal Trust Services and International Trust Services at Merrill Lynch, brings 30 years of experience in serving high net-worth clients.

There’s logic in thinking that trading in funds that promise double or triple the movement of the market will exacerbate the swings that occur. But it would invert reality.

Cowen Group said it agreed to acquire Algorithmic Trading Management, a provider of customized code for executing trades electronically.

There has been no New Year’s bounce, says Raymond James Equity Research. Trading in stocks in the United States in the first half of January is down 18% versus a year ago.

Stocks moved higher Tuesday in light trading as the Dow Jones Industrial Average moved up 60 points to finish at 12,482.07 while the S&P 500 and Nasdaq picked up 4.58 and 17.41 points, respectively.

Legacy expert attorneys Andy and Danielle Mayoras say the billonaire's case serves as a reminder that too many people make the estate planning mistake of relying on verbal or written promises that contradict their will or trust.

The SEC has charged an investment advisory arm of UBS with overstating the prices of securities in three mutual funds, some times by more than 100%.

The Securities and Exchange Commission announced Tuesday that it fined UBS Global Asset Management $300,000 for overvaluing 48 mortgage-backed securities purchased for $22 million.

Two large RIA firms have launched their own apps in the Apple and Android store, putting them ahead of the field in the race to maintain contact with clients.

With great wealth comes great responsibility. That’s the thinking of most American millionaires, according to a survey released today by PNC Wealth Management.

The proceeds will be used in areas that Jefferson National anticipates will translate into growth.

Almost six in 10 millionaires believe they have an obligation to give back to their communities, unchanged from 2008, when the U.S. economy went into a tailspin, according to a PNC Wealth Management survey.

After a gloomy 2011, this year the outlook for regional banks seems better, according to S&P Capital IQ.

Mike Anderson has held a string of high-level positions at financial services firms, including president of Accutrade, a subsidiary of TD Ameritrade Holding, as well as TD Ameritrade itself.

When broker-dealers give money to California school bond campaigns, it appears to be money well spent. A review of campaign finance records found a nearly perfect correlation between broker-dealer contributions to California school bond efforts in 2010 and their underwriting subsequent bond sales.

In recent years, the federal government has created an AMT “patch” to help exempt millions of Americans from getting caught. But planners should note that lawmakers haven’t moved to create a patch for 2012.

Planners have taken note of the fact that clients with incomes of $1 million or more were twice as likely to be audited by the IRS in 2011 than they were in 2009. Several say they are taking steps in anticipation of still greater vigilance on the part of the agency.

Retail investors in municipal bonds got whipsawed in 2011.

Americans overall aren’t saving enough for retirement, and as a group, women especially seem not to be prepared. Only 8% of women workers believe that they’re building a large enough retirement fund for themselves, according to the Transamerica Center for Retirement Studies.