The New York Stock Exchange’s regulatory arm is flexing its muscle, hoping to squeeze confessions out of Wall Street firms that failed to deliver prospectuses to customers.

The nation’s largest discount brokerage firm, Charles Schwab & Co., is cutting 19 retail branches in favor of smaller, one- or two-broker boutiques, a move the company says will cut costs and more effectively serve clients. Analysts think it...

Bob Mulholland, second-in-command in Merrill Lynch’s brokerage unit, has left the firm, Registered Rep. has learned. Mulholland’s retirement was announced internally on Oct. 26, according to a firm spokesman. The move is somewhat of a...

Perhaps it was the recent victory of President Bush that heartened this business friendly crowd, or the tranquil Boca Raton setting, but the annual SIA conference exudes an oddly serene tone

It may come as no surprise to many brokers, but more than half of American investors look to them for more than just transactional assistance, according to new research.

Firms proved exceedingly supportive of reps affected by this year's devastating hurricane season. Many of the nation's largest broker/dealers helped Florida-based reps with compensation for September, as officials at several firms said the...

It wasn't until Mal Makin walked into the basement of the building he'd just bought that he realized exactly what he was getting himself into. There had to be 100 yellow wires that just headed up and slumped down like a slide on a roller coaster...

Richard Branson, founder of Britain's Virgin Atlantic Airways, was once asked the best way to become a millionaire. There's really nothing to it, he joked. Start as a billionaire and then buy an airline. Branson's joke must seem like...

Smith Barney has introduced a new segmentation program designed to offer benefits to clients based on the level of assets they keep with the firm. Among the major attributes of the program is a new Citibank credit card for clients with $5 million...

The last quarter hasn't been great for retail brokerages. Low trading activity and geopolitical uncertainty kept investors on the sidelines, and advisors are feeling the pinch. We're seeing a mean reversion in revenues and profits, says Frank...