Merrill Lynch to Pay $825K Over Best Execution Issues
By Melanie WaddellMerrill failed to reasonably supervise equity orders in the firm's electronic systems to ensure they were executed promptly, FINRA said.
May 09, 2024
IRS Drafts Gift and Trust Reporting ChangesThe proposal could lead to big changes for clients who get cash from overseas.
May 09, 2024
Social Security Claiming: The Case of the 11-Year Age GapIn this couple, the wife is not only much younger but expected to live longer. How can they optimize their benefits?
May 09, 2024
The Ex-Girlfriend and the 401(k): A Cautionary Estate Planning TaleClients might assume their retirement accounts will simply pass to the heirs named in their will. Big mistake.
May 09, 2024
Manulife Hopes for Another Hancock LTC Reinsurance DealThe company sees interest in similar policies to the $4.4 billion in policies that Global Atlantic recently reinsured.
May 09, 2024
New FINRA Home Office Rule Resource Goes LiveThe rules around residential supervisory locations, or RSLs, take effect June 1.
May 09, 2024
World's Top 15 Cities for Millionaires: 2024The number of millionaires in New York rose 48% in a decade; in Beijing, it nearly doubled.
May 09, 2024
Best & Worst Online Direct Banks: J.D. Power, 2024Frequent delays in resolving customer complaints were a sticking point, the research group found.