Last week an arbitration panel ordered J.P. Morgan Securities to pay $350,000 in compensatory damages, plus interest, to Kostantina Bourdev, a former advisor who claimed she was wrongfully terminated and defamed ...
The chief executive of one of the world's largest independent financial advisory organizations unambiguously condemned the Foreign Account Tax Compliance Act in a recent series of comments. ...
The next robo?
According to two anonymous sources cited by Bloomberg, Bank of America’s Merrill Edge has put dozens of employees to work on a robo advisor prototype that will service accounts with less than $250,000. Bank of America plans ...
United Capital recently expanded its footprint in the retirement business by acquiring Maryland-based PSA Insurance & Financial Services' $1.1 billion in plan practice assets...
Private equity asset manager Apollo Global Management said Monday it has tweaked its previously announced deal to buy the wholesale broker/dealer business of RCS Capital, which includes a wholesale distribution arm and retail advice division, for ...
Methodology: WealthManagement.com's “Top 100 RIAs of 2015” ranking was assembled using data from Meridian-IQ (in which Penton Media has a stake). Advisory firms are ranked by total assets under management...
PORTSMOUTH, R.I. - Another Federal Reserve official pointed to December as an appropriate time to begin raising U.S. interest rates, as Eric Rosengren said on Monday there has been "real improvement" in the economy of late with the...
The good ole days.
Pump-and-dump schemes have taken to the internet. Fintech firm HedgeChatter has come up with a way to combat stock price manipulation on social media and message boards. The firm has launched a filter that screens chat ...
Minorities and women remain underrepresented at agencies that regulate the financial services industry, including at the Securities and Exchange Commission, a report released Thursday found.
The Committee on Financial Services' report highligh...
House Democrats and Republications are teaming up to draft legislation that would create an alternative “best interest standard” for advisors to operate under when working with retirement accounts...
