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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...
Here’s a dose of irony for the Securities and Exchange Commission. The SEC thinks it needs to do more to “protect” wealthy retail investors from the secretive world of hedge funds. To do so, it is entertaining the idea of...
The feud between regional brokerage firm Robert W. Baird and three former employees who left the firm last year has apparently been settled out of court.
After two frustrating months of worry and speculation, Smith Barney advisors have gotten the final details on their new compensation plan, and many are pleasantly surprised. The outlines of the plan were announced last December, but the firm...
