So why did John Thain do it? Well, he didn’t have much of a choice.

So why did John Thain do it? Well, he didn’t have much of a choice.

LPL Financial is paying the price today for failing to safeguard its customers’ personal information.

Bank of America joins a growing list of banks and brokerage firms that have promised to buy back auction-rate securities sold by their brokers.

In the first case of its kind, the SEC announced today that it has charged two individual financial advisors with fraud related to the sale of more than $1 billion in auction-rate securities.

Water utilities, toll roads and airports are steady revenue generators, despite a slowing economic climate.

You might think that Bank of America, the nation's largest consumer bank, could pose a formidable threat to Wall Street's retail brokerage powerhouses. After all, it has a veritable army of affluent clients to whom it could offer financial advice...

Considering selling all or part of your book? Buyers don’t seem to have a preference for a business model—whether you are an investment manager, say, or a financial planner; what they do care about are present and future revenue streams.

The California Attorney General, Edmund “Jerry” Brown, is considering a request by 51 former IndyMac bank employees to investigate New York Democratic Senator Charles Schumer’s role in the collapse of IndyMac Bank.

How a preexisting substituted judgment order can preclude posthumous challenges to a will in California (and possibly elsewhere): the lesson of Murphy v. Murphy