A mother-daughter broker team won a $1.98 million sex-discrimination arbitration award from Merrill Lynch, as the brokerage giant got dinged—again—for allegedly mistreating its female reps.
Charles Schwab’s brokerage unit has been slapped with a $1 million fine for failing to protect customer assets from a check-kiting scam engineered by its affiliated—but independent—registered...
The biggest brokerage houses on Wall Street are giving themselves a makeover. Their reinventions, in some ways, are part of the usual ebb and flow between centralized structures to decentralized and back again. But...
Fear of a too-small nest egg is the driving force behind many an advisor/client relationship. But such a high level of anxiety might be out of place. A recent report published in the Journal of Financial Planning...
On the face of it, the combination seems counterintuitive. On one hand, you have professional financial advisors looking for a way to add value and justify fees that can range as high as 2 percent of assets. On the...
Regulators fired their first shot in what figures to be a round of enforcement actions against brokerages for abusive sales practices related to 529 college savings plans.
It was just another hot Indiana summer day when Jay Gagne wheeled his Mercedes into the parking garage of the Merrill Lynch office in Carmel, a suburb of Indianapolis. What he saw as he nosed his car into his space...
A member of the New York Stock Exchange was arrested in late August for allegedly issuing a death threat to another seat holder who sued to block the Big Board's takeover of Archipelago Holdings. Edward Reiss, 65, a...
Separate accounts have been the product for the financial advisory business for several years. They are so alluring promising to align the interests of clients and reps by making the rep a fee-based asset manager...
