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Lincoln Financial Group says it took swift action to safeguard private consumer information and beef up its security policies, after it discovered vulnerabilities in a Web-based system that stored consumer account records for two of its business units.

The regulator said the companies had failed to adequately safeguard non-public customer information.

The Financial Industry Regulatory Authority said Friday that Enforcement Executive Director James S. Shorris will leave the self-regulatory agency in April and return to the private sector.More information about the reason for Shorris’ departure or his future role were not disclosed.

James Shorris is set to return to the private sector in April after more than seven years in enforcement leadership roles at the organization.

Whose needs come first?

Most people don’t think about it, but there is a liquidity premium on publicly traded securities just as there is a risk premium, yet most only think about it in the case of extremely illiquid assets such as private equity.

“What worked 5 years ago, doesn’t work today,” Peter Montoya told a packed room at Thursday’s T3 conference in Florida.

Marie Swift, the president and CEO of Impact Communications, presented to a room of advisors at the T3 Conference in Florida on how they can maximize their online presence by effectively using social media.

When it comes to web marketing, independent advisors are different from everyone else. Which means there is a good chance you have been getting bad advice. Bad advice about using the web to grow your practice.

Baird has added one advisor to its Charlotte, N.C., office, and three to its Charleston, S.C., office. All four come from Morgan Stanley Smith Barney.

Financial advisors at U.S. banks raked in an average of $27,809 in commission and fees in December, up modestly from an average of $27,418 in November thanks mainly to widening spreads between fixed annuities and certificate of deposit rates.

FSC Securities Corp., based in Atlanta has already picked up more than 50 of QA3's old reps.

The app, which can be downloaded for free from Apple's App Store, is the firm's first foray into the mobile applications arena and the cornerstone of its nascent WealthCentral Mobile strategy.

67% are overweight the asset class, according to the BoA Merrill Lynch Survey of Fund Managers.

Senate Banking Committee members raised a host of concerns Thursday about the state of the financial services industry as regulators grapple with a mountain of new rules mandated by the Dodd-Frank Act.

Nearly seven months after passing a bill that included a measure to limit interchange fees on debit cards, lawmakers on Thursday were expressing buyer's remorse.

Renshaw Bay is backed by RIT Capital Partners and Reinet Investments.

There's a lot of passion among advisors who, I think, suspect that there will eventually be standards that don't include them.

Planning for retirement isn’t just about hitting the “magic number.”

The Conference Board Leading Economic Index rose 0.1% in January to 112.3, following a 0.8% rise in December and a 1.1% increase in November.