It can be tricky for an adviser to introduce his or her own point of view and experiences into the conversation - after all, the focus needs to remain on the client - but advisers say dropping a veil or two goes a long way to building trust and the client relationship.
Some newly registered U.S. hedge fund advisers are "cherry-picking" investments to showcase their performance and improperly changing how they value securities, an agency official said on Monday....More
Ladenburg Thalmann Financial Services is set to pay $45 million to add Securities Service Network to its ever-growing set of broker/dealers, after just a month picking up Seattle-based KMS Financial Services....More
A unit of Wells Fargo will admit to wrongdoing and pay a $5 million penalty tosettle charges that it failed to have adequate controls in place to prevent an employee from illegal insider trading, U.S. regulators said on Monday....More
On Sept. 19, 2015, the Internal Revenue Service issued new guidance, which changes how distributions from qualified retirement plans to multiple destinations will be treated when it comes to allocating pre-tax and after-tax amounts....More
A New York-based private equity advisory firm will pay $2.3 million to settle civil charges that it breached its fiduciary duty to two funds by improperly allocating certain expenses in their company portfolios, U.S. regulators said Monday....More
A Brooklyn, New York mortgage broker, who would scribble secret stock tips on napkins and pass them to an accomplice in Grand Central station before eating them, pleaded guilty to insider trading on Friday, federal prosecutors
Wall Street's self-funded regulator unveiled a list of proposals on Friday to bolster rules governing alternative trading platforms like "dark pools," computerized high-speed trading, and price transparency in the corporate bond market....More