SEC Enforcement: Smith & Wesson Fined $2 Million for Bribery
In more actions, a judge ordered Bank of America to pay $1.27 billion for a mortgage "hustle."
Sontag Joins Board of Focus Financial; Bruton In as Lucia Capital CEO
These growing firms aim to add more advisors — and business — from the wirehouses, as well as from independent firms.
Merrill’s New Training Could Put Advisors in ‘Sticky’ Situation
The program is intended to help advisors with succession, but it could make it harder for advisors and clients to leave, Mark Elzweig says.
Citigroup Profit Falls 96% on Costs to End Mortgage-Bond Probe
The third-biggest U.S. bank, said second-quarter profit tumbled 96% on $3.7 billion in costs tied to a mortgage-bond settlement with U.S. authorities.
Bank Q2 Earnings to Reflect ‘Rebound’: Sterne Agee
Banks are poised to make some second-quarter earnings gains after a tough start to 2014, equity analysts say.
Wells Fargo Grabs 8 Advisors With $1 Billion in Assets
Meanwhile, RIAs affiliated with Focus Financial and LPL add reps.
The 2% Solution: NAPFA Changes Its Membership Standard
I find myself in the curious position of agreeing with both the NAPFA rule change and the advisors who oppose it.
Krawcheck to Speak at Raymond James Women’s Symposium
The broker-dealer expects more than 200 female advisors and about 30 prospective advisors at its 20th annual event.
Merrill Taps Veteran Exec for Affluent Operations
Mike Bitterly returns to the Thundering Herd after work with BlackRock.
FINRA Wallops Merrill: $8M Fine, $24M in Restitution for Overbilling Charities, Small Businesses
Merrill sold the retirement plans more costly mutual fund share classes and failed to waive sales fees, FINRA said.