Features

Topic

Finra reveals how it spent $61 million in fine money last year

Regulator augmented fine proceeds with $20 million from reserves to bolster technology, examination program.

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Finra suspends former star LPL rep who borrowed client cash

Regulator says James E. 'Jeb' Bashaw borrowed $200,000 from a client in 2013 without telling LPL.

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Centerbridge said to be in talks to buy Advisor Group

Advisor Group's independent broker-dealer network in the U.S. has more than 7,000 advisers.

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Social Security funding outlook improves slightly

Retirement reserves extended one year; disability fund by 20 years

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Richard Thaler wants to use 401(k)s to boost Social Security payments

The Nobel laureate wants to simplify drawing down retirement assets, which he thinks is 'way harder' than saving the money.

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Morgan Stanley rides wealth management train to solid first quarter

Chairman and CEO James Gorman expresses excitement about expanding into workplace plans with purchase of Solium.

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FPA backs away from controversial plan to merge chapters

The group is no longer seeking to dissolve local chapters as separate legal entities.

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New Jersey releases rule to impose fiduciary duty on brokers

State Securities Bureau says SEC's Regulation Best Interest 'does not provide sufficient protections.'

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Woodbridge Group execs charged with criminal fraud in Ponzi scheme

Former CEO Robert H. Shapiro and two others were arrested in connection with investment scheme that SEC claims defrauded 8,400 investors.

Topic

Headcount at Wells Fargo Advisors continues to slide

Firm lost another 140 advisers in the first quarter, compared with 106 the previous quarter.

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