There are some folks in the industry actually doing relatively well these days. Seriously. LPL Financial said today its new-ish RIA platform now has over $1 billion in new assets.
Just as the various stock indices were testing November lows, the SEC announced what appears to be another mini-Madoff: Robert Allen Stanford and three of his financial companies have been charged with orchestrating an $8 billion fraud.
If the Obama administration and House Representative Rob Andrews of New Jersey have their way, the independent contractor rep may become a thing of the past.
In the 18th century there might have been a public flogging or a stint in the town square's pillory, but would the pre-credit-crunch world have condemned Wall Street leaders and members of Congress to the gallows?
Merrill Lynch has been on a wild roller coaster ride since Bank of America stepped in to save the franchise on September 15 with an all-stock offer worth $50 billion.
File this under “Financial Planning 101.” What to do when a big client’s big bonus and severance package may be the future legal target of disgruntled employees and shareholders?
TD Ameritrade Institutional executives, in Las Vegas for the firm's annual conference, have got their swagger back this year after spending last year's event sounding contrite.