WASHINGTON (Reuters) - Wall Street's watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator's chief said on Tuesday. Full story
NEW YORK (Reuters) - LPL Financial Holdings Inc, a fast-growing broker-dealer that offers services to more than 13,000 independent stockbrokers, is overhauling its compliance procedures following a flurry of regulatory complaints about sales abuses. Full story
WASHINGTON (Reuters) - Wall Street brokerages' use of mandatory arbitration clauses merits a regulatory review, but the Securities and Exchange Commission will not have time to undertake one before 2014, an SEC commissioner said on Monday. Full story
A new company, BridalBrokerage.com, is helping both brides on a budget and those who call off their big days by selling canceled wedding packages to couples looking to save a little time and money. NBC’s Mara Schiavocampo reports.
SAN FRANCISCO (Reuters) - Peregrine Financial Group's bankruptcy estate may have "viable" claims against JPMorgan Chase & Co and U.S. Bancorp for harm done to clients of the now-failed brokerage, and may pursue them in court, Peregrine's trustee said in a filing this week. Full story
A bankruptcy trustee is suing Jon Corzine and other former MF Global executives, claiming gross negligent led to the brokerage firm's collapse, reports CNBC's Kayla Tausche.
Shawn Matthews, CEO of Cantor Fitzgerald, discusses his company's acquisition of Ireland's largest independent brokerage firm. We are looking to grow sales and trade on a global basis, Matthews said.
Once the acquisition of Smith Barney is complete, Morgan Stanley will become one of the biggest banks in the country with over $110 billion in deposits. Fleming talks about how leveraging those funds through lending to the firm's brokerage clients will...
Hitting profit targets: For almost two years now Morgan Stanley's promised a "mid teens" pretax profit margin for the brokerage business. Fleming said the business is on track to deliver that number in 2013 even as the firm continues to make major inve...
Jimmy Dunne, Sandler O'Neill senior managing principal, discusses why his company agreed to take a stake in the embattled brokerage firm and whether it's time to break up big banks.
Passers-by are reflected on a stock quotation board at a brokerage in Tokyo May 24, 2013. Japan's Nikkei share average regained ground on Friday after a 7.3-percent dive in the previous session, its biggest one-day percentage drop in two years after weak Chinese factory data spooked investors. REUTE
A man is reflected on a stock quotation board at a brokerage in Tokyo May 24, 2013. Japan's Nikkei share average regained ground on Friday after a 7.3-percent dive in the previous session, its biggest one-day percentage drop in two years after weak Chinese factory data spooked investors. REUTERS/Iss