(Bloomberg) -- Wall Street’s top cop demanded that a resolution of its insider-trading case against Leon Cooperman include the billionaire investor accepting a temporary suspension from the hedge fund industry, according to people...

Scared and confused is how Americans feel about handling their personal finances, says a new report by SmartDollar and Ramsey Solutions. While 26 percent say they are scared and 25 percent feel confused about handling money, only 26 percent o...

(Bloomberg) -- Lynn Tilton has invited me to her lawyer’s office to explain why she’s not the fraud the U.S. Securities & Exchange Commission claims she is. While she’s at it, the distressed debt mogul elaborates on her...

(Bloomberg) -- A new question surrounding Republican presidential nominee Donald Trump’s business empire emerged recently, thanks to the publication of a 1995 New York state tax document: How could he have had a $916 million personal...

The Family Businesses Committee and the staff of Trusts & Estates mourn the untimely death of our colleague and fellow editorial advisory board member, G. Scott Budge. Scott was a frequent contributor to the magazine, writing about the...

John Thiel, who has led Merrill Lynch Wealth Management since 2011, is stepping down from his role to pursue other passions in his life, including working with organizations that help the less fortunate. Andy Sieg, who has led the firm’s...

(Bloomberg) -- The Federal Reserve may be headed for a shakeup regardless of who wins the 2016 election, though Hillary Clinton is seen as less likely to demand radical change than Donald Trump...

(Bloomberg) -- Irene Bergman, a Stralem & Co. financial adviser and the longest-working woman on Wall Street who began her career in 1942 after arriving as a refugee from Europe, has died. She was 101...

The prolonged bull market has created unreasonable expectations among U.S. investors, and it could be eating into their savings. According to new research from Natixis Global Asset Management, investors now need an 8.5 percent annual re...

The fee structure of the investment management industry—a percentage of assets under management—has been around for so long, and is so ubiquitous, that it almost goes unnoticed. Arguments can be made over whether the percentage is too...