Osaic Services, known as SagePoint Financial from January 2009 to November 2023, allowed registered representatives without sufficient knowledge or experience with options trading to override trading ...

Wells Fargo’s bank-based advisors are capturing new assets through the firm’s Premier offering for affluent customers, Chief Financial Officer Mike Santomassimo said last week.

At the 2023 annual Financial Industry Regulatory Authority conference, Grewal noted the sweep on firms including Merrill Lynch, Morgan Stanley and UBS that up to that point had resulted in total fines ...

Morgan Stanley has suffered a legal setback fighting a multimillion-dollar deferred-compensation lawsuit brought by hundreds of its former financial advisors, according to news reports. Last week, ...

Another challenge to the SEC's rulemaking powers is the Supreme Court's decision in June in Loper Bright Enterprises v. Raimondo, which overturned 40 years of precedent that mandated courts to defer ...

Voters in Illinois have approved a non-binding measure to tack on an additional 3% tax for those earning more than $1 million, according to news reports. The measure, which called for using the ...

When the DOL unveiled the revamped rule roughly a year ago, President Joe Biden took an active part in its rollout, and the agency framed it as part of the administration's broader war on hidden fees.

U.S. large-cap stocks, small-cap stocks, bond yields and the U.S. dollar all rose, while Bitcoin — with Trump embracing crypto as part of his campaign — hit new highs, Jacob Manoukian, U.S. head of ...

Adam Antoniades has held the role of chief executive officer since 2019. Cetera Financial Group Chief Executive Officer Adam Antoniades is retiring from his role effective Dec. 31, parent company ...

JPMorgan Chase Chief Executive Officer Jamie Dimon is still not planning to take a role in the administration of Donald Trump when the Republican nominee once again becomes U.S. President next year ...

Under Chair Gary Gensler, the SEC has doggedly pursued alleged violations by crypto players, bringing 46 cases involving digital asset firms in 2023, a 50% increase over the previous year, Bloomberg ...

The 4.9 basis-point fee, which takes effect Dec. 1, is intended to cover administrative and support services for the platform, and it will be applied on top of the usual client fees, except on ...