Wealth Management industry news covering the financial markets, trends and wealth professionals.
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(Bloomberg) -- After years of grappling with the Dodd-Frank Act, banks will soon learn what regulators want to do next to rein in Wall Street’s risky investments...
Accused of labor law violations.
Four former Merrill Lynch client associates, as named plaintiffs in a class action lawsuit filed Wednesday in New York federal court, allege the company and its parent, Bank of America, violated federal and sta...
The U.S. Securities and Exchange Commission fined 13 investment advisory firms on Thursday for spreading false claims made by the now-defunct F-Squared Investments Inc.
The top U.S. securities regulator said on Thursday it would require more information from investment advisers about their separately managed account businesses, as it continues to tighten oversight on the sector.
• Proposed regulations under Internal Revenue Code Section 2704 significantly reduce valuation discounts—The Treasury has released proposed regulations (REG-163113-02) under IRC Section 2704 regarding lapses of voting and liquidation...
There's fear the golden years won't be so golden. | Ricardo Reitmeyer/iStock/Thinkstock
A new Transamerica retirement survey reports that none of the baby boomer, Generation X or millennial generations feel secure about their retirement prospe...
(Bloomberg View) -- Eugene Fama and Richard Thaler, two legendary finance professors at the University of Chicago, recently had a debate about whether markets are efficient. Fama was generally perceived to have gotten the better of the...
State insurance regulators in a court brief on Monday said a powerful U.S. council made up of the heads of all the federal financial regulatory agencies disregarded their work when it designated of MetLife Inc. as "too big to fail."
(Bloomberg Gadfly) -- The Department of Labor rocked the brokerage world several months ago when it decreed that brokers must – horror of horrors – put their clients’ interests ahead of their own...