Pershing LLC must pay a $3 million civil fine for violating a rule that requires the firm to protect customers' funds and securities from broker-dealer misuse, among other things, Wall Street's industry funded watchdog said on Monday...

After his first fiscal year as the Securities and Exchange Commission’s Investor Advocate, Rick Fleming said he is still not ready to make policy recommendations on the issues in his agenda, with one major exception...

VladimirFLoyd/iStock/Thinkstock Just as an advisor should do due diligence on the investment managers he or she uses, prospective client's are being encouraged to screen their financial advisor before they hand over their money. Steven Abern...

Lisa McAlister, American Realty Capital Properties’ former chief accounting officer, filed a $50 million lawsuit in accusing former ARCP Chairman Nicholas Schorsch of ordering her to manipulate quarterly financial results. But in a statement rele...

The Securities and Exchange Commission accused an unregistered broker/dealer in Staten Island, N.Y. of running a fraudulent boiler room scheme that targeted seniors...

Nicholas Schorsch The saga over American Realty Capital Service's $23 million accounting error keeps growing. According to the Wall Street Journal, Lisa McAlister, ARCP's former chief accounting officer, has filed a $50 million lawsuit in Ne...

Chicago-based technology provider Envestnet has named Lori Hardwick its new group president of advisor services, a newly created position. Hardwick has been with Envestnet for 15 years. She most recently served as executive vice president of...

monkeybusinessimages/iStock/Thinkstock Anyone with a computer and an E-Trade account can trade stocks these days, but is that actually a good thing? Cullen Roche, the founder of Orcam Financial Group, argues that technology is adding to the ...