From 2008 to 2013, Merrill hid that the fact that client requests to buy and sell stock were being handled by proprietary trading firms and other outside entities, the Securities and Exchange Commission said Tuesday.

Wells Fargo is looking is looking to slice $4 billion off its bottom line by the end of the year.

Emerging markets are “a lot less emerging than they used to be” and investors need to adjust their investment filters because of it, said a panel of asset managers at Morningstar’s Investor Conference.

UBS scaled back its investment bank after the financial crisis to reduce risk and focus on its large wealth-management business, which provides more stable earnings

The brokerage told advisors on Friday it’s taking about 60 days to consider changes, including whether to allow commission-based IRAs again.

Panelists at the 2018 Morningstar Investment Conference told advisors they were better off placing bets with firms, not individual managers.

TDAI’s annual FA Insight study shows advisors focused on younger clients, and more specific client niches, are doing better, but few firms are charging enough for their services.

FINRA is overhauling its registration and disclosure programs, advisors aren’t worried about market volatility and how to talk to clients about betting on the World Cup.

"Cursed" is how one commentator described the early drafts of the commission's proposed disclosure forms, a key component of the new best interest standard for brokers