Peter Wuffli was replaced as CEO of UBS last week after the firm realized millions of dollars in losses in an internal hedge fund, according to published reports. Marcel Roehner, who was previously deputy CEO and head...
In 2006, the average CEO of an S&P 500 company received $14.8 million in total compensation, according to the Corporate Library. That's a 9.4 percent increase from 2005. Those sound like some pretty big numbers...
Citigroup Dinged $15 Million: The NASD settled with Citigroup Global Markets to the tune of $15.2 million for charges related to misleading documents and inadequate disclosure stemming from retirement seminars and...
Broker-dealers got the breathing room they hoped for on Monday with regards to complying with the recent court ruling that outlaws fee-based brokerage accounts. A federal court granted an SEC-requested 120 day stay...
The sub-prime lending meltdown could be spreading. It’s one thing for Bear Stearns to have to arrange a $3.2 billion bailout of one of its hedge funds, but, for the brokerage industry, the problem just hit...
Mary Schapiro unveiled yesterday the new name it has selected for the new NASD/NYSE regulatory combo: SIRA, which stands for Securities Industry Regulatory Authority, but sounds a little bit more like some ugly winged...
If you’re like many advisors, a chunk of your paycheck comes from 12-b1 fees in some form or another. But chances are you’re not collecting those fees for marketing purposes, as originally intended when...
Wirehouse broker/dealers have been lining the campaign coffers of both Democratic and Republican candidates- see which firms are ponying up the most dough, and for whom.
Someone at 20th Century Fox has decided (wisely) it's time to bring Gordon Gekko back. In a sequel to 1987's Wall Street, Michael Douglas will again play the now aged corporate raider, fresh out of jail and resuming...
