SEC’s Schapiro to Step Down in December
After months of speculation that she would depart, Schapiro made it official Monday morning that she would depart the agency on Dec. 14; with a frontrunner emerging from Treasury Department.
BofA to Pay $2.4B
Bank of America reached a settlement to end a class-action lawsuit with investors and will pay $2.43 billion, while also making certain corporate-governance reforms, the firm said in late September.
BofA Settles Merrill Purchase Suit for $2.43 Billion
The deal resolves a long-standing dispute, but should not have much impact on the firm's advisors, experts say.
What Advisors Need to Know Before Going Independent
A webinar hosted by AdvisorOne presented guidance on how advisors can decide whether to break away—and if so, some of the essentials they should know to make it a successful move.
SEC’s Money-Market Overhaul Faces Uncertain Future
SEC Chairwoman Mary Schapiro was stymied in her reform efforts last week, as a provision attached to a funding bill would require the SEC to study the situation once again.
Krawcheck Weighs In on JPMorgan Debacle
Controversial industry executive asks what happens when high-return bank businesses go bad.
Top 5 Business Women Who Tweet About Wall Street
AdvisorOne lists the top 5 business women who tweet based on number of followers, frequency of tweets, quality of posts, professional credentials and what our gut tells us.
Krawcheck Seeks to Open Gold to the Masses at GBI
The former head of BofA-Merrill isn't pushing gold but better portfolio options, says an executive at Gold Bullion International.
BofA Beats Estimates, Boosts Advisors and Production
The total number of financial advisors at Bank of America rose to 17,512 as average trailing-12-month fees and commissions hits $905,000.
Sallie Krawcheck Joins Board of Gold Bullion International
Sallie Krawcheck, one of the financial industry’s most well-known—and controversial—executives has joined the advisory board of Gold Bullion International, the company announced Wednesday.