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The Department of Labor’s proposed fiduciary rule could cost firms almost $5 billion to implement and an additional $1.1 billion in annual expenses, according to a new analysis by an industry trade group. ...
Morgan Stanley (MS.N) reported a better-than-expected second-quarter profit on Monday as its business that trades bonds and equities handily outperformed those of its Wall Street rivals...
Setting a record | Spencer Platt/Getty Images
A 99-year-old financial advisor and holocaust survivor will be the oldest person to ring the bell at the New York Stock Exchange in honor of her 100th birthday Aug. 2. As a teen, Irene Bergman ...
His new home. | Darrin Klimek/Digital Vision/Thinkstock
A Waco, Texas, financial advisor has been sentenced to six years in prison and ordered to pay more than $9 million in restitution for running a Ponzi-type fraud scheme. Charles D. Jon...
It's better to give than receive.
Investors have been in a giving mood lately. Grants from Fidelity Charitable and Schwab Charitable donor-advised funds are at record levels, the two firms said Wednesday. Schwab Charitable said its donors ...
Brokers aren’t the only ones who should be concerned about the Department of Labor’s fiduciary proposal, according to a brokerage industry trade group. The Financial Services Institute reiterated Tuesday that imposing a fiduciary...
Are you breaking the rules? | Volodymyr Krasyuk/iStock/Thinkstock
Advisors are told over and over how important it is to have an online presence, but many are forgetting about compliance when building their websites, leaving them exposed t...
This week’s episode of HBO’s Ballers serves as an extreme example of how not to handle client relations and the dangers of failing to maintain professionalism. (Warning, spoilers ahead.)
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