How Mature Is Your Firm's Social Media Strategy?
Hearsay Social's new Social Business Maturity Model lets firms benchmark themselves against others using seven factors.
FINRA Sweeping BDs on Comp Practices
Recruiter Jon Henschen says FINRA treats BDs like "moonshiners," made to pay "extortion money" in the form of fines for breaking ever-more convoluted rules.
Sons of Indicted Swiss Financial Adviser Keep Business in the Family
After his indictment, Josef Beck’s directors formed another company to manage money for American citizens, records show.
Photographer: Jason Alden/Bloomberg
A few weeks after his indictment, Josef Beck’s directors formed another company to manage money for American citizens, records show
RIAs Are Least Dependent on Value-Add Support: Survey
The fastest growing segment of the financial advisor market is also the segment least dependent on outside support from asset managers, insurance companies and BDs.
DOL Fiduciary Rule Will Cost Firms $3.9 Billion: FSI Study
Projected startup costs range from $1.1 million to $16.3 million per firm, according to a study by FSI and Oxford Economics.
Citigroup to Pay $180M for Defrauding Hedge Fund Investors
SEC says that two Citigroup units failed to disclose ‘very real risks’ in the funds, which collapsed in 2008, affecting 4,000 investors.
Massachusetts Distributes $3 Million to 14,000 Swindled Investors
Massachusetts said 14,000 investors have received a total of $2.9 million in settlements related to the illegal TelexFREE pyramid scheme.
SEC, FINRA Enforcement: Former 'Real Housewives' Husband Fined for Naked Short Selling
Brokerage firm ITG Inc. and affiliate AlterNet Securities will pay $20.3 million for running secret dark-pool trading desk.
Don Trone Blasts DOL Fiduciary Plan: Still Wouldn’t Stop Madoff
DOL’s fiduciary plan “does not define a fiduciary standard, just punitive rules,' argues “Father of Fiduciary.”
SEC Hits Edward Jones With $20M Fine Over Muni Bond Overcharges
Firm settles on SEC fraud charges that it overcharged customers on new municipal bond sales.