UBS in May named Rob Karofsky its new head of U.S. wealth management. Karofsky, who previously led the firm's investment bank, took over for Iqbal Khan, who led global wealth management but now heads ...

Merrill Lynch will pay nearly $4 million to settle Securities and Exchange Commission allegations that the wirehouse failed to inform clients that a third-party asset manager exceeded Merrill clients' ...

Merrill Lynch parent Bank of America announced Monday that it plans to open more than 165 new retail financial centers across 63 markets by the end of 2026. Facilities will be added in new and ...

A Texas-based registered investment advisor firm has been sanctioned over its staff's use of off-channel communications but managed to avoid a monetary penalty thanks to its cooperation with the ...

And SEC Commissioner Hester Peirce said the SEC has "fallen down in our duty as a regulator," as a result of imprecise language suggesting that a crypto token is a security, which has led to a "lack ...

The notices of appeal that the DOL filed on Friday in each court are essentially placeholders until the agency submits briefs with the 5th Circuit Court of Appeals fleshing out its arguments against ...