Today’s Senate hearing with Goldman Sachs may increase the likelihood that a fiduciary standard for brokers will make it into Senator Christopher Dodd’s financial regulatory reform legislation.
Merrill Lynch plans to grow primarily by investing in current advisors and hiring rookies, said Merrill Lynch president of Global Wealth and Investment Management Sallie Krawcheck on Tuesday. Her words come as...
LAST UPDATED : April 16, 4:57 p.m. The Securities Exchange Commission sued Goldman Sachs for fraud today in connection with the mortgage-backed collateralized debt obligations (CDOs) it packaged and sold to investors.
Banking on a wave of mergers in 2010, the major custodian firms are in a race to offer the best M&A tools to their RIAs so that the assets of selling firms don’t walk out the door to a rival custodian. M&...
Banking reform legislation introduced Monday by Senate banking committee chairman Christopher Dodd would give the SEC greater enforcement muscle over RIAs, and would require it to conduct a study examining the...
Senate banking committee chairman Christopher Dodd is set to introduce banking reform legislation Monday without Republican support, in part due to pressure from the Obama administration. The latest version of his...
Senator Christopher Dodd plans to introduce his financial regulatory reform bill Monday without Republican support. He’s still hopeful that negotiations with Senator Bob Corker (R.-Tenn.) will succeed, however...
You know things are getting hairy when clients starting turning guns on their financial advisors. A disgruntled client opened fire on a financial advisor and his son in Dallas, Texas Monday afternoon. According to a...
