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.

In January, Smith Barney brokers may be the first to cash in on overtime lawsuits that have been all the rage over the last two years. A Northern District of California judge approved the allocation of $98 million in settlement money, as well as...

An investigation of 110 investment firms was made public today at a Senior Summit held by the Securities and Exchange Commission (SEC). The SEC and the Financial Industry Regulation Authority (FINRA) conducted a year-long examination (April 2006...

In the wake of the D.C. Court of Appeals ruling on March 30 that killed the broker/dealer exemption and fee-based brokerage accounts, the Financial Planning Association is making an effort to help brokerage firms and their advisors comply, said...

Protecting elderly investors is high on the priority list of the SEC, judging from speeches and notices to members. And it made it clear today firms that tolerate brokers who exploit elderly clients will pay.

Growth can be a conundrum for many independent investment advisors: How to achieve it? How to manage it? How to survive it? It's the classic tale for today's financial advisory business. As a firm principal, you see the opportunities in front of...

Disgraced former Enron CEO Kenneth L. Lay is dead and cremated, but prosecutors are still pursuing his assets

Broker-dealers may get a long wished for break from the burdens of principal trade regulation for the investment advisor side of their businesses—for a little while anyway.

The overtime suits keep on coming, as Charles Schwab became the latest target of the claims.