Goldman also awarded punitive damages in the amount of $50,000, for a total award of $413,200, and she recommended expungement of the termination explanation in Becht's Form U5, shortening the entry ...

Wells Fargo 's wealth and investment management unit saw its earnings drop significantly from the last quarter of 2024 to the first quarter of this year, despite cost-cutting measures, but ...

The proposed Edward Jones Bank would be insured by the FDIC and subject to federal and state regulatory oversight. It would operate independently as a wholly owned, indirect subsidiary of Edward Jones ...

The GAO's agreement to probe the SEC comes at a time of a major overhaul at the agency under Acting Chair Mark Uyeda, appointed in January by Trump to take over from former SEC head Gary Gensler.

Schwab Alternative Investments Select, created in partnership with iCapital, is now open to retail clients who have more than $5 million in household assets parked with Schwab, including those in the ...

Morgan Stanley last month undertook companywide layoffs that reportedly eliminated 2,000 employees across all business units worldwide. Reports at the time indicated that financial advisors would be ...

Last month, Raymond James said it lured a team of Morgan Stanley financial advisors in West Virginia who manage $465 million. And in January, a father-son advisor team overseeing more than $440 ...

Within strategic and tactical model styles, LPL's research focuses each model on an investment theme or objective, the firm said in its Model Wealth Portfolios filing. For example, the research team ...

LPL bought Atria last year for about $800 million. A little more than a year after announcing the sale of Atria Wealth Solutions to LPL Financial for about $800 million, Atria's co-founders have said ...

A J.P. Morgan senior analyst once hailed as "one of our firm's great thinkers" by Chief Executive Officer Jamie Dimon has admitted self-censoring his investor notes and presentations over fears of the ...

In addition to his termination by Raymond James, Conn's record reflects six customer disputes, which date to 2000 and allege unauthorized trading, breach of fiduciary duty, misrepresentation, ...

Acting SEC Chair Mark Uyeda on Tuesday said he has asked the agency's staff to evaluate whether the regulator should shift oversight of some mid-size investment advisors to state regulators.