Lawyers: FINRA Still Hasn’t Fixed BrokerCheck

Oct 21, 2016

Flawed. A 2014 report from the Public Investors Arbitration Bar Association (PIABA) criticized FINRA’s BrokerCheck system for not including information available from many state securities agencies, such as the circumstances behind a broker’s ...

Prudential’s Sullivan Exits $652 Billion Bond Unit He Built

Oct 20, 2016

(Bloomberg) -- Prudential Financial Inc. said James Sullivan is stepping down as executive chairman of the $652 billion fixed-income, asset-management unit after a 35-year career with the insurer...

Vanguard Sways Financial Advisers to Bring $1 Trillion on Board

Oct 20, 2016

(Bloomberg) -- Financial advisers who once shunned Vanguard Group because it didn’t pay commissions are now among the fund giant’s best customers...

Saft on Wealth: When "Dark Markets" Are Unfair to Mutual Fund Investors

Oct 19, 2016

Fund management companies have a motivation to favor some of their funds over others.

Apparent Fake Filing Says Artist Bought $88 Billion of Bank of America Stock

Oct 19, 2016

A company called YNOFACE Holdings Inc purportedly run by Antonio Lee said it had acquired 798.4 million Bank of America shares in an exchange on Aug. 15, and purchased another 4.2 billion common shares and 100 million preferred shares on Sept. 22.

SEC Approves FINRA Rule on Reporting U.S. Bond Trades

Oct 19, 2016

The rules come as a way to help oversee the $13 trillion Treasuries market following the "flash" rally two years ago.

Vanguard’s McNabb Says Cost of Investing Will Keep Falling

Oct 19, 2016

(Bloomberg) -- William McNabb, chief executive officer of Vanguard Group, said the cost of investing will keep falling as more money shifts to passive investments and competition across the industry drives prices lower...

Wall Street Sees Graveyard of Broken Indicators in Reform’s Wake

Oct 19, 2016

(Bloomberg) -- It’s not hard to see the potential flash points on the horizon -- the U.S. presidential election; Deutsche Bank AG’s mounting legal charges; the day central banks stop buying bonds. Yet when it comes to gauging...

Low-Vol ETFs Turn Upside-Down as Safety Trade Runs Wild

Oct 19, 2016

(Bloomberg) -- Low-volatility funds are supposed to insulate investors from the market’s bouts of turbulence. Lately, that’s been flipped on its head...