Kristen French

The Senate voted 60-40 Thursday to end weeks of debate on Christopher Dodd’s financial regulatory reform legislation. Hotly debated proposals to extend the fiduciary standard to brokers did not make it into the...

With news Thursday that a preliminary criminal investigation has been launched into some of Wall Street’s biggest firms concerning potentially misleading sales of CDOs to clients, the fiduciary train is set to...

FINRA Chairman and CEO Richard Ketchum thinks broker/dealer firms need to bulk up on disclosure regardless of whatever rulemaking comes out of Congress on the fiduciary issue. He also said that there need to be shock...

A number of senators, Republican and Democrat, are scrambling to get on the fiduciary bandwagon following last weeks' Goldman Sachs hearings. A flurry of amendments have been, or will be, introduced this week that...

Squeezed by investor lawsuits, rising compliance and insurance costs, as well as departing advisors and clients, more of the industry’s smallest independent broker/dealers will fail or merge with other firms...