Among other measures, the Obama administration proposed today that the Securities and Exchange Commission (SEC) require that broker-dealers offering investment advice be held to the fiduciary standard rather than the suitability standard. The SEC...

Hedge funds, like so many other things, had a horrendous year in 2008. They posted their worst performance on record, a decline of 19 percent; meanwhile, several high profile funds blew up and nearly one-third of the hedge funds tracked by...

Four new members were elected to the FINRA Board o Governors today: LPL Chairman and CEO, Mark Casady, took over the Independent Dealer/Insurance Affiliate seat from John Simmers, former Chairman and CEO of ING Advisors Network, who stepped down...

You know that your industry has a problem — a serious trust issue — when a New York Times columnist today sums up the case against financial advisor Matthew Weitzman thusly: “So most readers of this newspaper could be victims in...

This weekend Barron’s published its list of top financial advisors who happen to be female. We also publish “top 100 financial advisors” lists, but we don’t sort by sex. Should we sort by sex or ethnicity?

According to a story posted yesterday on Clusterstock.com, a financial blog run by Henry Blodget and John Carney, founding editor of Dealbreaker.com, Dan Sontag, head of Merrill Lynch’s global wealth and investment management unit, is about...

When the auction rate securities market froze up in February 2008, angry clients blamed their financial advisors; financial advisors blamed their firms. Today, the SEC announced finalized settlements with Bank of America, RBC Capital Markets and...

Chances are the Securities and Exchange Commission announcement about its newly created Investor Advisory Committee will get plenty of eye rolls.

Dick Bove, the outspoken analyst covering financial stocks, says a new "golden age" for banks is on the horizon.