Top 10 Ridiculous (and Ridiculously Priced) Luxury Christmas Gifts: 2015
If price is no object, these presents will look perfect, and perfectly ridiculous, under the Christmas tree this year.
Morgan Stanley Adds Bonuses for Advisors Who Land Cash-Heavy Clients
Under Morgan Stanley's 2016 comp plan, advisors can receive $5,000 to $50,000 a year for growth in clients who are “cash management engaged.”
Ex-Morgan Advisor, in Unusual Move, Takes FINRA Arb Case to Federal Court
Few advisors appeal a FINRA promissory-note ruling because the odds of winning are slim; however, Laurie Facsina’s case is different from most.
Giving Back Has Made This 41-Year-Old Billionaire Less Popular
After making $4 billion, ex-Centaurus Advisors manager John Arnold closed his fund, grew a beard and started a foundation. So why do people dislike him?
Third-Party Advisor Audits Could Be a Disaster: Norm Champ
Champ, a former SEC Investment Manangement director, looks at other cases in which SEC outsourced its authority with "disastrous results."
Currency Spoofing Is Said to Be in New York’s Crosshairs
Attorney General Schneiderman's office said to be investigating placing of fake foreign-exchange orders, known as "spoofing" or "ghosting."
Deutsche Bank Co-CEO Cryan Says Bankers Are Still Paid Too Much
Managers need to slow the bonus process, and there are too many bankers with senior titles, he said.
DOL Fiduciary Rule Is ‘Biggest Change That We’ll Go Through’: Pershing
The real impact of the rule won't be felt immediately, Pershing’s John Brett says, but two to five years after it takes effect.
The Biggest Risk Investors Face in Retirement, and How to Address It: IMCA
Inflation and market volatility can shake a retirement plan, but there's a bigger risk that many investors don't fully understand, Michael Crook of UBS says.
SIFMA Says Its Cyberattack Drill Was Successful, but More Action Is Needed
Findings from SIFMA's Quantum Dawn 3 cybersecurity testing exercise show progress, but more needs to be done, the Wall Street advocacy group said.