Is New York AG Cuomo Eliot Spitzer incarnate? How much in client assets did UBS's U.S. retail brokerage lose in 2008? Why is Steve Leuthold still bullish?
The SEC’s civil fraud charges against R. Allen Stanford are having nasty repercussions for Stanford Financial Group financial advisors and clients not implicated in any wrongdoing. The SEC has frozen client...
Typically, RIA start ups outnumber joiners each year, but, as the economic outlook continues to worsen, more breakaway advisors are considering joining established firms. Custodians are happy to play matchmaker
Ken Lewis had a date with New York Attorney General, Andrew Cuomo, today. He was called to testify on what he knew about the $3.6 billion in bonuses paid out to Merrill Lynch employees late last year. The bonuses were...
Whether it’s redemption requests or the fact that the regulatory staff is working overtime (18 hour days in some offices we hear ) since the Madoff bust or some combination of both, the capital market cops are...
It’s safe to say that yesterday's market surge after Fed Chairman Ben Bernanke's reassuring and uplifting prediction of an end to the recession by year-end and a recovery in 2010 is not the start of a bull...
Allen Stanford isn’t the only high profile financial executive currently on the run from authorities. Buried in the Department of Justice press release yesterday regarding its deferred prosecution settlement...
The U.S. government has taken its pound of flesh from UBS today. According to a Department of Justice press release, Switzerland’s largest bank has settled with the U.S. government, admitting to helping U.S...
Just as the various stock indices were testing November lows, the SEC announced what appears to be another mini-Madoff: Robert Allen Stanford and three of his financial companies have been charged with orchestrating...
