Practice management

Two industry veterans have struck out on their own to start a new fixed income broker-dealer firm.

The operations chief for Bernard L. Madoff Investment Securities and his personal assistant are petitioning a New York court to be released from jail.

Policymakers' focus on capital may be creating a false sense of security, and it may be overshadowing other, equally important issues that are central to preventing the next crisis.

The independent securities regulator has put to rest an eight-year-old dispute, finding no violations in Citigroup’s advisor recruitment from Oppenheimer.

Baby boomers are happy about everything – except for retirement, according to a new TD Waterhouse poll.

It is pretty accepted that our practices are best grown through referrals, and that beyond our clients it is important to cultivate centers of influence such as CPA’s and estate attorneys.

The panel’s decision also sent a signal to broker-dealers that financial advisors should perform much more thorough due diligence on the soundness of companies issuing certain securities before allowing investors to participate in risky investments.

With expectations so low, plan sponsors are looking for assistance from retirement plan service providers.

Legacy replacement, mobile applications and better use of analytics are among the issues confronting insurers.

The administration is expected to unveil this month a reform package that charts a course for the housing finance system. But it remains unclear how detailed the administration plans to be.

FINRA effectively backed up claims that Securities America breached its fiduciary duty and violated industry rules.

A FINRA arbitration panel has ordered UBS to cough up $2.8 million to settle a dispute with a former in-house recruiter.

Consumers prefer to be educated rather than be marketed at in online ads about personal finance.

LPL advisor Ben Marks is making a name for himself—and distancing himself from Wall Street—by building his clients portfolios of homegrown stocks.

Only half as many muni advisory firms are registered with the Municipal Securities Rulemaking Board compared to those registered with the Securities and Exchange Commission, even though advisory firms are now required to sign up with both regulators under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The Securities and Exchange Commission has extended by four months the date by which advisors must deliver information about their personnel to their clients to help them make the necessary operational adjustments.

The Financial Industry Regulatory Authority expelled APS Financial Corp., and barred its former president as well as its former broker from the industry. The move comes in response to an alleged scheme involving an elderly investor and markups on CMOs as well as other types of securities.

While 2010 was an all-out scramble by Democratic leaders to harness outrage over the financial crisis to push reg reform over the finish line, the legislative outlook for next year ...

Public relations is one of the best ways to increase awareness and build credibility, yet many advisors don't take full advantage of this marketing tool.

Behavioral finance has been kicking around the halls of academia for several decades, but now some financial companies are finding ways to apply these concepts in the real world.