News

Artists have always needed wealthy patrons. Bet you didn’t know that UBS’s headquarters at 1285 Avenue of the Americas (bet. 51st and 52nd streets) in New York City also serves as an art gallery, featuring four art shows a year.

For One Group Funds’ shareholders, the wait is over. Today, the SEC said that roughly $55.6 million in so-called “fair funds” have been distributed to more than 200,000 investors who were bilked by fraudulent market timing...

Merrill Lynch won big last week in the aggressive industry-wide recruiting war for top advisors. The firm recruited away from UBS a team of three producers, and their support staff, with $2.5 billion in assets under management and $5.5 million in...

Roel Campos, one of five SEC commissioners and one of the two Democrats, is stepping down in a month, leaving for the private sector...

After 17 years with Fidelity, Ellyn McColgan stepped down as president of Fidelity Investments distribution and operations, which includes Fidelity Registered Investment Advisor Group (FRIAG), the RIA custodian arm of the mutual fund giant. The...

Does the designation you hold suggest you cheat the elderly? More state securities regulators are trying to find out, while the Securities Exchange Commission has just called its second annual “Seniors Summit” for September 10. Like...

Michael McNamara, McNamara Financial Services Firm: Commonwealth Financial Network City: Marshfield, Mass. Established: 1987 AUM: $306 million Number of Clients: 500 Education: Tufts, Boston College After graduating from college, putting in three...

After some minor bumps along the way, the NASD and NYSE merger is official. The regulators’ consolidation, which was announced on November 28 and approved by the Securities and Exchange Commission on July 26, became effective today.

So maybe his reputation wasn’t so damaged after all—or maybe it’s just made a comeback. The former Merrill Lynch sales manager who sued Hydie Sumner and her lawyer Linda Friedman in September of 2006 on grounds that the women...

Estate planners have long recommended the purchase of a residence in Florida as a sound asset protection strategy. Florida's antiquated and unusually complex homestead provisions provide virtually impenetrable protection from creditors. A recent U...