WASHINGTON, D.C. – Speaking at the 49th annual Investment Company Institute general membership meeting, NASD Chairman Mary Shapiro told mutual fund executives she sees better regulation of investment products as a result of the expected...

Crooks come in all shapes and sizes—even, apparently, in the guise of SEC examiners and staff. The SEC issued an alert Thursday to securities industry firms, warning them to keep an eye out for impostors—individuals pretending to work...

WASHINGTON, D.C. – Speaking at the Investment Company Institute’s general membership meeting here today, Chairman Martin Flanagan told attendees that legislators’ concerns over mutual fund fees, particularly in 401(k) plans, may...

Today the Securities Exchange Commission announced Morgan Stanley will pay $7.96 million and penalties to settle the SEC’s charges against the firm for failing to provide best execution to clients. More specifically, the SEC charged Morgan...

Smith Barney has begun the job of consolidating some branch offices, as part of a larger cost-cutting program in the works at parent Citigroup. Sources close to the firm say Citi’s retail broker/dealer arm has closed 5 satellite branches...

There are a lot of millionaires in the United States. More than ever, in fact, according to recent research published by London-based market research firm TNS. But are they turning to financial advisors for help? Well, yes, and no.

If you’re a rep who sells mostly mutual funds, you may sometimes wonder whether you’re adding enough value to justify your fees

Add A.G. Edwards to the long list of firms that have been fined by the SEC for long-ago failures to supervise brokers who deceptively market timed mutual funds.

Most financial advisors don’t switch firms for better compensation or a big signing bonus. They’re more interested in finding places that will give them good support for their practices. A new report shows the highest paid reps aren&...

The SEC is feeling lobbyist pressure from both sides as it prepares to either appeal or let stand the March 30th ruling by a Federal Court of Appeals that vacated the “Merrill Lynch” rule.