Independent advisors aren't feeling so hot about the U.S. economic or political landscape. About 33 percent of those polled by Schwab Institutional in July said the S&P 500 won't rise in the next six months, while 66 percent said the country will...

Merrill Lynch doesn’t report third quarter earnings for another couple weeks, but with many peers already having taken it on the chin, analysts expect significant pain for Merrill too.

Sometimes misfortune piles on. In a case that shows why it can be far better to have a corporate trustee, two Virginia trust beneficiaries got mugged first by their father serving as trustee -- and then by the Internal Revenue Service. Estate of...

The lobbying group of plaintiffs’ lawyers who represent customers in disputes with their brokers is calling on FINRA and the SEC to “immediately halt” the practice that allows arbitration panels to expunge customer complaints...

The Securities Exchange Commission (SEC) charged 38 defendants of stealing more than $12 million in stock loan kickbacks from their Wall Street employers. Basically stock loan traders at Morgan Stanley, A.G. Edwards, Nomura Securities and...

It only took eight years, but the SEC and the Board of Governors of the Federal Reserve System passed final rules this week defining how banks can act as securities brokers.

The SEC has thrown a bone to the large brokerage firms. After taking away fee-based brokerage accounts in March, the Commission has eased the requirements of principal trading rules.

A report from the Government Accountability Office (GAO) released on Monday says the enforcement division of the SEC needs to improve the way it handles investigations.

Ever wonder what a rocky market does to a New York broker? Well, if you were at the city’s swanky uptown Equinox Gym last month, you might have seen one heave a fellow gym member (and bike) into a wall. Okay, so maybe it wasn’t the...

NEXT Financial Group is in the hot seat again. The Securities Exchange Commission issued an Order Instituting Cease-and-Desist Proceedings against the independent broker/dealer late last month.