It may be better to fight than to make a deal when the Financial Industry Regulatory Authority’s (FINRA) enforcement division comes calling, according to an annual study of disciplinary proceedings by the Washington D.C. office of the law...

So Citigroups’ third quarter profits are down 57 percent, net income fell to $2.38 billion compared with $5.51 billion in the same quarter last year. The stock price has been at a near standstill since 2004. Investors are calling for Chuck...

Is your revenue production down? Not bringing in those million dollar accounts? Maybe your branch manager has threatened to move you to a more rural location, or garnish your wages a bit? Be thankful—at least he’s not asking you to...

Some 2,700 female Morgan Stanley advisors and trainees (oh, and their lawyers) just got $46 million richer. A federal judge approved settlement of the class action lawsuit six months after the women settled with the firm.

The industry is changing—and you’d better be prepared to change with it. That was Bob McCann’s message to attendees of SIFMA’s 30th annual Sales and Marketing conference in New York City this morning.

Knowing the best strategy to recommend to families in every financial situation requires either an encyclopedic knowledge of tax, investment, and legal matters or a crystal ball. The former can take decades to accumulate, and the latter is even...

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...