Economy

Scott Wolas assumed other people’s names to pose as a real estate agent, bartender, retired paleontologist and a registered rep, investigators say.

Will Americans embrace a new political party founded by Wall Street executives?

The decision, involving advisors who jumped to Morgan Stanley from an RIA, holds that those who agree to give their employers advance notice before quitting aren’t absolved of that duty by the terms of the protocol.

Experts cite a variety of reasons for the industry’s grim jobs forecast for advisors, but the data reveals much more complexity.

Company policies were not reasonably designed to detect and prevent misconduct, the SEC claims after one advisor allegedly misappropriated more than $5 million from client accounts.

The firm has recruited 71 advisors so this year and opened branches in four states, according to a spokeswoman.

The No. 1 independent broker-dealer has grown beyond the wirehouses, but it added about 100 fewer advisors than expected from its major acquisition.

Creation of the blue-ribbon body draws praise and confusion from CFPs who question its utility.

The move boosts the firm's expansion in the central U.S.

Since early May, the wirehouse has lost at least 27 advisors managing a combined $15 billion.

The former Oppenheimer client was allowed to invest in a new fund started by Carter Worth, a well-respected technical analyst who the client believed “walked on water,” his lawyer claimed.

Six fiduciary groups call on advisors press SEC to clarify the differences between advisory and brokerage business models.

J.D. Power’s annual survey reveals the importance of leadership and culture, along with differences among male and female representatives.

A FINRA arbitration claim followed an asset freeze and the launch of a federal investigation into the fired advisor’s RIA.

The lawsuit follows a complaint by the SEC alleging that five men and three companies defrauded more than 600 investors.

Advisors recommended that clients sell positions in complex structured products to rack up fees, says the regulator.

While Raymond James and Stifel are on hiring sprees, Wells Fargo is still losing talent.

A former Goldman Sachs broker also joined the boutique firm's office.

The firm is spending about $4 billion in an initiative that spans trading ― particularly in fixed income ― wealth management and other units.

Salary-reduction arrangements can exclude up to $520 each month from a client’s taxable income to cover these expenses.