Do any of your clients have a connection to the Mafia? Brian Hamburger, a lawyer specializing in securities law, says he represents a financial advisor who was threatened by someone claiming to have family in the Mob.

The AIG Advisor Group may finally have found a buyer after nine months of operating in limbo...

The SEC’s Investor Advisory Committee, which was formed to give investors a greater voice in the SEC, has “agreed upon an ambitious and wide-ranging agenda.” Or so says a press release issued by the SEC today. For more, please go...

According to a Swiss wire report, the IRS has upped the ante in its fight to gather thousands of names of alleged tax-dodging American UBS clients: By sending IRS agents to tail the firm’s bankers and financial advisors as they visit clients.

Raymond James Financial posted improved earnings in its fiscal third quarter compared to the second quarter, but results were ugly when compared to last year’s third quarter, which represented a record across all business segments, including...

It’s an old story, the brouhaha over auction rate securities. But today’s SEC announcement (it settled with TD Ameritrade over ARS) is another reminder: When your brokerage tells you it has dreamed up a new security for you to sell to...

Charles Schwab reported that its second quarter profit fell 31 percent, thanks to low interest rates and soft capital markets...

Morgan Keegan & Co., a unit of Regions Financial, Morgan Asset Management and three employees each received a “Wells” notice from the SEC, the company stated in a Form 8-K filed by Regions on July 9.

Tension seems to be increasing between U.S. and Swiss officials who are trying to hammer out a settlement between the U.S. government and Swiss firm, UBS, regarding the names of 52,000 American clients of the firm. UBS retail financial advisors...