Firms and advisors facing disputes in arbitration will have a tougher time getting the case dismissed thanks to a new dispute resolution rule, FINRA announced today.
After watching the value of her portfolio drop between 25 to 30 percent, one advisor's client recently asked him why she had to pay him fees when the value of her assets was going down.
AIG, now majority owned by the U.S. government, is shopping around its indie b/d subsidiary, the AIG Advisor Group. But only a small number of reps affiliated with AIG’s b/d have decided to bail. Why?
AIG is bracing for a slip in business in the wake of its government bailout. There are several regulatory safety nets in place for troubled insurance companies—but the payment guarantees are limited.
Executives at AIG, once the world’s largest insurance provider, are bracing for a fall off in P&C and life insurance business in the fourth quarter. In the third quarter, premiums were up slightly versus the...
RIA holding companies are opening their arms to welcome wirehouse advisors. Not just garden variety reps, but the cream of the crop: those who have significant assets under management and heavily fee-based books.
Bear Stearns was swallowed up by JPMorgan Chase nine months ago, which seems like a lifetime when you consider what's happened to the financial industry since. At the time, Bear's near collapse and rescue were...
Apparently Andrew Cuomo isn't a no gifts kind of birthday boy. At the New York Attorney General's 51st birthday and fundraising bash early this month, guests were asked to contribute at least $1,000 to his campaign...
The economy is ruining Christmas on Wall Street. First they get their bonuses taken away, now they can't even get drunk in designer tuxedos at the company Christmas party. Morgan Stanley cancelled its holiday party...
