There is no conflict or breach of fiduciary duty unless the client can prove that the advisor or broker asserted undue influence on the customer, according to attorney Jenice Malecki, whose New ...

The team, which operated as the Timpe Wealth Management Group during its stint at Stifel, Nicolaus & Co., generates more than $1 million in annual production, according to a source familiar with the ...

It is unclear who is the third member of the DOGE team at the SEC. The commission and the White House gave the same statements to Reuters about DOGE and the new SEC chair as they have in the past, ...

The Biden-era regulation was designed in part to replace rules implemented during Trump's first administration that had made it easier for firms to designate workers as independent contractors. The ...

Jenni Yoon Jeong Lee targeted members of the Korean-American community, including her own family, the SEC alleges. The Securities and Exchange Commission has charged a Washington state woman with ...

To that end, the services a firm offers to independent advisors can be a recruiting boon, according to Pirker, who added that Raymond James' launch of internal talent sourcing is "quite timely," given ...

Morgan Stanley, long a cryptocurrency leader among traditional financial firms, is working to allow trading in Bitcoin, Ether and other tokens on its E*Trade platform, according to Bloomberg.

Wells Fargo announced it attracted an advisor team from UBS with nearly $800 million in assets under management and about $6.7 million in trailing 12-month revenue.

Transamerica oversees about $12.7 billion in regulatory assets under management, according to its Form ADV from Aug. 1, 2024, the SEC noted. The SEC added that, during the period at issue, ...

Morningstar Chairman Joe Mansueto has downplayed the ability of artificial intelligence–based financial models to compete with market research firms, Bloomberg reports.

Since the suit was filed as a derivative action, the shareholders' lawyers will be paid $33 million, but no monetary benefit will be paid to the shareholders, according to court documents.

Financial advisors in New York may have reason to seek warmer climes: Florida's Palm Beach and Miami-Dade counties have gained billions of dollars in income in recent years as a result of New Yorkers ...