The securities industry is fighting tooth and nail to save 12b-1 fees. Exactly one month after the June 19 SEC roundtable convened to discuss the fate of 12b-1 fees, the securities industry’s lobby group, the Securities Industry and...

Merrill Lynch’s retail brokerage arm turned in another strong quarter, as fee-based revenue continued to climb to record levels. Merrill Lynch Global Private Client saw its revenues increase by 13 percent to $3.3 billion from $2.9 billion in...

Seems like NASD and NYSE regulation can’t catch a break. First it was Muslims, now it’s the Financial Planning Association that is unhappy with the merged regulatory bodies’ potential new name.

You’ve probably heard about Bear Stearns’ CEO Jimmy Cayne’s numerous golf outings in June—while his company’s hedge funds were tanking. You might have also heard that he tends to score in the high 90s, so it might not...

The regulatory body composed of the NYSE Regulation and the NASD Regulation, known for the past 5 weeks as SIRA, is getting another name.

Peter Wuffli was replaced as CEO of UBS last week after the firm realized millions of dollars in losses in an internal hedge fund, according to published reports. Marcel Roehner, who was previously deputy CEO and head of global wealth management...

There will be a dramatic increase in the volume and complexity of trusts-and-estates disputes in the near future. It's time to embrace mediation as an alternative to formal litigation in probate and fiduciary matters. So I call on all responsible...

Probate litigation has changed drastically in the last several decades, particularly as nonprobate transfers have become an increasingly important way of moving assets from one generation to the next. For such transfers involving wrongdoing...

In 2002, together with fifteen colleagues, Mark Feldman fled the rapidly imploding accounting firm Arthur Anderson, where he and the others worked in the firm's financial advisory unit. Feldman and his friends promptly launched a registered...

A new study suggests that the securities arbitration system is seriously flawed, because it's unfair to retail clients. It's an argument that has long been made by investor advocates, of course, and even some securities lawyers and state...