Advisors on the Move: UBS Lures a $2B Mega Team Morgan Stanley advisors managing $2 billion in assets joined UBS. But the wirehouse wasn't the only winner last month in the competition for top talent. See this move and more in our latest recruiting roundup.
Bank of New York Mellon, which has been plagued for the past week with computer problems that prevented it from providing prices for mutual funds and exchange-traded funds, said Monday it has provided net asset values for both through Friday.
Securities and Exchange Commission members are calling for the adoption of rules requiring broker-dealers to disclose markups and markdowns on municipal securities, warning that if self-regulators do not act, the SEC will propose the rules itself. more »
In the first action of its kind, the Securities and Exchange Commission has ordered St. Louis-based brokerage Edward Jones to pay $20 million for overcharging retail customers in new municipal bond sales. more »