You win some, you lose some. Merrill Lynch announced Monday that it hired teams and individual advisors representing $813 million in client assets away from its direct wirehouse rivals Wells Fargo Advisors, UBS, and Morgan Stanley during the month...
Last week, we reached the one-year mark since passage of Dodd-Frank legislation, and there was much noise in the press about what has not gotten done since then. Neither the Volcker rule, which governs how much banks can trade for their own...
Financial advisors at RIAs and broker/dealers have been busy jumping onto twitter and LinkedIn in recent months to connect with clients and show off their expertise. But small state-regulated RIAs may be taking a looser approach to updating their...
SEC or SRO? The only thing that’s clear at this point in the debate over who will oversee investment advisers is that it is far from settled. No timeline or deadline for rulemaking on the matter has been set and there are plenty of arguments on...
Morgan Stanley Smith Barney advisors have moved more of their business into advisory accounts over the past six months in advance of SEC rulemaking on the fiduciary standard, said Charlie Johnston during a panel on investor protection today at a...
Mortgages should be regulated at least as strictly as toasters, says Elizabeth Warren in an anecdote that should by now sound familiar: “It is impossible to buy a toaster that has a one-in-five chance of bursting into flames and burning down your...
Hedge funds have long resisted registering with regulators because they worried that disclosing their investment strategies and holdings would allow copycats to exploit their advantages out of the market. But the day they feared has come. As...
On Monday, Eric S. Lipkin became the third former employee of Bernie Madoff to plead guilty to criminal conduct related to Madoff’s $50 billion Ponzi scheme. At a hearing in federal court in Manhattan, Lipkin pleaded guilty to six criminal counts...
Over at his Reformed Broker blog, Josh Brown writes an enraged screed about an epidemic of corporate crime conducted on American shores by a ring of Chinese companies, which are stomping on shareholders as their executives violate contract law and...
