Structured products are flying off the shelves of U.S. brokerage firms, even if many reps and retail investors aren't sure how they work. The term generally refers to a financial instrument whose underlying asset comes with a downside-protection...
Morgan Stanley shareholders who are still reeling from the $52 million exit package given to former president and CEO Philip Purcell will be happy (OK, less angry?) to know he's giving a lot of it away. Purcell's most recent gift, $12.5 million to...
Sure, automatic asset-allocation 529 plans are convenient. But you'd better be careful: One state's "conservative" allocation is another state's "aggressive" allocation
Less than 10 years after they settled the infamous boom-boom room case, Smith Barney is being sued for discrimination again. The new case, Fassbender Amochaev v. Citigroup Global Markets, Inc., d/b/a Smith Barney, was filed in United States...
Another assault on deferred compensation fails. After going two for three in a unique tug of war involving both the arbitration and court systems, former Smith Barney broker James McCarthy is likely throwing in the towel in his three-year fight...
SEC Busts Another Ponzi: The SEC filed securities fraud charges against Salvatore Favata, the former president of National Consumer Mortgage (NCM), a California company that held itself out as a residential mortgage broker. The complaint alleges...