Charles Schwab’s brokerage unit has been slapped with a $1 million fine for failing to protect customer assets from a check-kiting scam engineered by its affiliated—but independent—registered investment advisors.

With only two weeks left before Merrill Lynch closes its deal to buy Advest Group—the deal is scheduled to close on Dec. 1—top reps at the Hartford, Conn.-based firm continue to run for the exits. This past weekend another $8 million...

When William Donaldson stepped down as SEC chairman, the perception was that the reform movement had also left the building. The White House replaced him with California Congressman Christopher Cox, known for his anti-regulatory rhetoric. But in...

The top executives of the nation’s biggest securities firms have gathered once again at their annual meeting, and declared that 2005 will go down as one of the industry’s best years ever. Profits of the 600 Securities Industry...

As Wall Street traders and investment bankers lick their chops at the prospect of six- and seven-figure bonuses next month, Morgan Stanley has decided that sales assistants should get a taste of corporate largess. It won’t put anybody behind...

The day he was fired from then-Prudential Securities—July 25, 2001—is a day Bob Ostrowski says he will never forget. But perhaps Ostrowski is ready to start trying: Ostrowski was awarded $2 million from Prudential for wrongful...

Regulators fired their first shot in what figures to be a round of enforcement actions against brokerages for abusive sales practices related to 529 college savings plans.

Location City: AtlantaLocation State: GA Base Salary: 77,000-93,000 Position Responsibilities: As a develops new business relationships and enhances existing relationships with successful entrepreneurs, doctors, attorneys and other high net worth...

Location City: Northwestern CTLocation State: CT Base Salary: $60,000 - $65,000 DOE Bonus & Incentives: Bank has a performance shares bonus plan that proportionately compensates all employees based upon the company's financial results...

Location City: Boston AreaLocation State: MA Base Salary: $82,000 - $85,000 DOE Bonus & Incentives: Annual discretionary performance bonus. Position Responsibilities: The primary responsibility for this position is the preparation and timely...