This story first appeared on Ignites, a sister publication of Financial Advisor IQ. Vanguard has reached a settlement in a 2022 lawsuit over the taxable distributions triggered after it lowered ...

The Financial Industry Regulatory Authority has fined Merrill Lynch and its parent company Bank of America's other full-service brokerage, BofA Securities, for allegedly failing to timely update ...

This story originally ran as breaking news in Financial Advisor IQ on Tuesday. The Securities and Exchange Commission announced that it has fined Stifel Financial and 10 other firms a total of more ...

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' ...

An ex–Morgan Stanley financial advisor has been fined and suspended from the brokerage industry over allegations that he raised millions of dollars from customers for unapproved investments in a dairy ...

A former financial advisor with LPL Financial is suing the company as well as his previous employer over what he claims was a botched transition that harmed his financial situation and reputation.

Wells Fargo plans to further trim its workforce in Iowa by nearly 80 employees, according to news reports. The bank intends to dismiss 12 workers on Sept. 23, another 19 workers next month and 47 in ...

The former chief executive officer of EF Hutton is under federal investigation, while his former employer has filed a lawsuit accusing him of "egregious corporate theft and self-dealing." On May 6, ...

Wells Fargo has reached a major milestone toward getting regulators to lift the asset cap imposed on the firm in the wake of the 2016 bogus-account scandal, submitting a review of its overhaul ordered ...

Former EF Hutton Chief Executive Officer Joseph Rallo, accused in a lawsuit by his former firm of "egregious corporate theft ...

An overwhelming majority of both investors and business owners cite the economy as the top election issue, meanwhile, ...

LPL Financial and Zinnia, a provider of life and annuity insurance technology, announced a partnership to enable LPL's ...