Ketchum’s Big SRO Omission
Richard Ketchum, CEO of FINRA, omitted a crucial detail in a recent interview he gave.
Wirehouses Boost Wealth Results
Bank of America reported a 63% drop in net income for the fourth quarter of 2012.
FINRA Shifts SRO Fight to Senate, as House Effort Falters
With the House unlikely to pursue an SRO bill this year, FINRA has set its sights on the Senate to push a bill that would give FINRA the authority to become the SRO for advisors.
As Geithner Departs Treasury, He Sees Economy Strengthening Gradually
Says he won't seek to be head of Fed, but will definitely be ‘learning how to fly-fish.’
BofA Profit Off 63% as Wealth Unit Doubles Its Earnings
The wealth unit of Bank of America sees its net margins top 20%, as its advisor headcount dips slightly.
Top 7 Biggest Bank Fines
AdvisorOne finds that all of the biggest bank penalties have been levied in the last 10 years, with most of them since the financial crisis started in 2008.
SEC’s Top Cop, Khuzami, to Leave
The SEC’s top cop, Robert Khuzami, plans to leave the agency later this month after four years as its enforcement director, the SEC announced Wednesday.
Top 13 Regulatory Predictions for 2013
Former SEC Commissioner Annette Nazareth, who’s now with Davis Polk & Wardwell, and her colleague Gabriel D. Rosenberg released in early January their list of 13 key regulatory predictions for this year.
Why REITS Have Been on a Tear
Depressed prices, limited supply and a feverish quest for yield are just some of the factors that have propelled real estate to outperformance.
Three Washington Heavyweights to Drive Advisor Agenda in ’13
Three key Washington heavyweights will have a crucial role in advisors’ lives next year: Elisse Walter, the new SEC chairman; Rep. Jeb Hensarling, the incoming House Financial Services chairman; and Phyllis Borzi, at the DOL’s EBSA.