News

Morgan Stanley’s recent move to increase trading risk and add traders a la Goldman Sachs is a just another bad strategy in a long line of lousy executions by management, says Dick Bove, vocal analyst of Rochdale Securities in a note released...

The New York Post reports today that Bernie Madoff is dying of cancer. According to an inmate at the North Carolina prison, Madoff is telling everyone that he doesn’t have long to live.

After almost a year of looking for the right buyer, AIG’s broker/dealer reps were told on Monday that they would not be sold...

Regulators, consumer advocates and politicians continue to hammer out what it might mean for Series 65 investment advisors and series 7 registered reps to adhere to the fiduciary standard, under the Obama administration's June plan for financial...

Merrill Lynch is embarking on an aggressive “push” to hire financial advisors, according to the Financial Times. The story says that since the signing bonuses are greater than those handed out in the bull market of 2006 and 2007, it is...

An Ohio based financial advisor is asking Smith Barney to forget about that loan he owes them which stems from a sign-on bonus. In fact, he alleges, the original contract he signed with his old firm is unenforceable and void.

Bet you didn’t know that there is a provision in the tax code that allows Ponzi victims to deduct 95 percent of their net investment losses the year the theft is discovered.

In today’s Investor’s Business Daily, Paul Katzeff quotes a psychiatrist as saying, “Cheating with money is a form of infidelity. … It can be even more devastating than sexual infidelity.”

Today’s New York Post reports that “Merrill brokers [are] wary of Krawcheck redeemption.” ...