RBC Dain Rauscher is in acquisition mode. The Midwest regional is set to purchase New Jersey-based J.B. Hanauer, an employee-owned firm with $10 billion in assets under management.

A California broker/dealer has sued to stop the merger of the NYSE and the NASD, and the firm is looking for like-minded folks to join its cause.

Financial planners who hold the Certified Financial Planning designation have been tussling with the CFP Board, which controls the CFP designation, over the designation’s ethical standards. Well, it looks like the tussling will continue.

It’s not exactly on the scale of the Hundred Years War (which actually lasted 116 years), but legal battles of Hydie Sumner, the former broker who won $2.2 million from Merrill Lynch in a discrimination lawsuit, just don’t seem to end.

LPL’s acquisition last week of three Pacific Life Insurance Company broker/dealers was just one more step in its quest to for a successful sale of the company or initial public offering.

The SEC has charged 14 individuals—including employees of UBS and Morgan Stanley—with participating in two insider-trading schemes that generated at least $15 million in illegal profits.

When the market dives, that’s when hedge funds—well, those true to their name—are supposed to earn their money. That’s because many hedge funds are designed to avoid big losses and make money nearly every year using low...

In Florida, no-contest clauses -- aka in terrorem clauses -- are void as against public policy, thought to chill citizens' access to the courts for redress. In Washington, D.C., they are strictly enforced. In Illinois, courts say they are...

Rich kids are a little bit smarter about money than you might think, a recent survey from PNC Wealth Management suggests. But they still have a long way to go in developing healthy earning, saving and investing habits, the survey showed. Often...

Sixty-nine brokers left Smith Barney Friday, Feb. 16, just ahead of the three-day weekend—a fact confirmed by the brokerage firm. Fridays before a long weekend are historically prime time for unhappy brokers to make a clean break, but the...