Economy

Bank of America agreed to pay $7.65 million to settle U.S. regulatory claims that it overstated its capital by billions of dollars after failing to report losses tied to its 2009 purchase of Merrill Lynch & Co.

Raymond James' annual Women's Symposium, to be held Oct. 8, is due to feature leading women in the financial services industry, including Sallie Krawcheck.

Four Wells Fargo advisors have left the wirehouse to join Benjamin Edwards, opening the regional broker-dealer's 49th office.

Alternative investments have been growing rapidly in popularity in recent years as new funds have been mushrooming and money has been flowing in. Andy Saperstein, Morgan Stanley’s head of investment products and services, explains the wirehouse’s history of working with alts and Morgan’s current approach to leveraging them in client portfolios.

Two advisors with $80 million in AUM leave Wells Fargo for RBC Wealth Management.

Raymond James has landed a former UBS advisor with more than $125 million in client assets and more than $800,000 in annual fees and commissions.

Mention bankruptcy on a Form U4 and there's no erasing it, even if you settle your debts.

The SEC has initiated an administrative proceeding against an advisor who allegedly misappropriated around $2 million of investors' funds in a scheme dating to 2008.

Female executives from U.S. Trust and Goldman Sachs join New York-based Dynasty Financial Partners.

Schorsch makes big changes to the firm's executive team with a new CEO as well as the hiring of longtime LPL exec Bill Dwyer.

Consumer and industry advocates are criticizing FINRA over its alternative to a proposal that would have required recruiting firms to disclose advisor compensation incentives to clients when moving between brokerages.

Wells Fargo landed in hot water for failing to act on indications that a broker traded on insider information.

In which the author takes a pair of popular assessments and finds he’s not as daring as he thought he was.

Brad Bueermann of FP Transitions says you should go with the right fit when buying or selling an advisory business.

"One thing we can tell you is our opposition was there before us," says FPA's director of advocacy. "We heard over and over again the argument that if a fiduciary standard were extended to broker-dealers the middle market would be hurt."

Small businesses can turbocharge their retirement plans; The gift of a retirement account is a lifetime asset; Why Americans keep treating their 401(k) plans like a piggy bank

The broker-dealer giant has acquired a 51% interest in electronic services firm Docupace Technologies.

"Any effort to put broker-dealers and advisors into the same box is probably not going to work," says a former deputy director of the SEC's Division of Investment Management.

Morgan Stanley hired a team with $4.5 billion in AUM – the second multi-billion-dollar team plucked from Merrill Lynch this month.

Sales and advice should be separated by law, because there’s a clear difference between true "fiduciary" practices and those of the brokerage industry, Fiduciary Institute says.