Josh Brown, over at his blog Reformed Broker, has written an eloquent and to-the-point account of why Sallie Krawcheck had to leave: Making the bank/brokerage marriage work was an impossible job for anyone; basically, the model is broken and...
The North American Securities Administrators Association (NASAA) today sent a warning to investors that social media can make them an easy target for fraud. The advisory is available here. ...
UBS may be cutting jobs but it’s still hiring financial advisors. The firm announced today that it would cut 3,500 jobs as part of a previously announced plan to cut costs by CHF 2 billion by the end of 2013. About 10 percent of those job cuts, or...
Wall Street's recruiting merry-go-round continues to spin at a furious pace, with each of the big wirehouse firms grabbing advisor recruits from its cross-town rivals. This time, Wells Fargo reeled in a sizeable catch, taking two teams and two...
During an average year, approximately $29.2 billion is lost to fraud in the United States, according to a Federal Trade Comission report conducted in 2007. Bernie Madoff's epic scam alone resulted in losses to investors of over $50 billion. And...
