Prudential Equity Group, a broker/dealer subsidiary of Prudential Financial, got slammed Monday with one of the biggest settlements seen in a market timing case: $600 million in fines, restitution and penalties.

Earlier this month, a Bridgeport, Conn., judge slapped a temporary restraining order (TRO) on a pair of sibling reps after they ditched their jobs at Merrill Lynch’s Stamford branch to join Morgan Stanley.

Merrill Lynch has apparently decided it’s had enough of Hydie Sumner, a former broker who sued the firm successfully in 2004 for sexual discrimination.

The registered investment advisory business had a knockout year in 2005, according to the recently released seventh-annual Rydex AdvisorsBenchmarking Survey.

The NYSE and the NASD are in talks to merge their regulatory operations, MSNBC reported on Monday. A deal could come in the next few months.

Our studies of wealth-management teams have provided clear empirical evidence that job satisfaction is directly tied to the team's effort to improve performance as the team progresses through stages of development.

Pension Protection Act of 2006, which President Bush signed into law yesterday, allows Series 7-holders to provide advice to 401(k) plan participants and directs the Secretary of Labor to issue a class exemption for advice provided to IRA holders.

Lawyers who represent investors in securities arbitrations hope that a proposed NASD rule will take effect soon.

The Pension Protection Act (PPA) that Congress passed at the start of the month—and which President Bush is expected to sign into law on Thursday—deals largely with the nation’s ailing pension system. But it also includes a...

Branch managers say they sometimes get the feeling they are wearing bull’s-eyes on their backs. Perhaps they are. And it’s not just because as a branch office’s supervisor they are often held accountable for anything that goes...