People

Why Wall Street’s Top Cop Criticized by Warren Could Stay Awhile

Fri, 28 Oct 2016 15:15:00 +0000

Ben Bain and Robert Schmidt

If SEC Chair Mary Jo White departs should Hillary Clinton win the election, the agency could slip into paralysis.

U.S. Eyes Long Prison Term for Wall Street Scion's Fraud

Fri, 28 Oct 2016 13:16:00 +0000

Jonathan Stempel

U.S. prosecutors said Andrew Caspersen, the scion of a wealthy Wall Street family, should spend as long as 15-2/3 years in prison after he pleaded guilty to fraud.

Mix of Savvy, Cash, Luck, Fans Helps Ricketts Lift Chicago Cubs

Fri, 28 Oct 2016 11:05:00 +0000

Nick Carey

It's taken a lot of luck and a bit more for TD Ameritrade's Ricketts family to get the Chicago Cubs into the World Series.

Disgraced Financial Advisor Apologizes

Tue, 25 Oct 2016 10:00:00 +0000

Jeff Rubin apologizes for losing a number of NFL clients close to $43 million, Americans want more from their banks and SS&C acquires Salentica.

Scottrade Sale Nearly Doubles Owner’s Wealth to $4 Billion

Mon, 24 Oct 2016 19:00:00 +0000

Brendan Coffey

Selling the family business to competitors has made Rodger O. Riney one of the world’s richest people.

'Diva of Distressed' Tilton to Face U.S. SEC Fraud Trial

Fri, 21 Oct 2016 12:00:00 +0000

Nate Raymond

Financier Lynn Tilton is set to go on trial next week before an administrative law judge on SEC charges she defrauded investors by hiding the poor performance of assets underlying three $2.5 billion debt funds.

Prudential’s Sullivan Exits $652 Billion Bond Unit He Built

Thu, 20 Oct 2016 14:39:00 +0000

Jordyn Holman

Prudential Financial Inc. said James Sullivan is stepping down as executive chairman of the $652 billion fixed-income, asset-management unit after a 35-year career with the insurer.

AssetMark Launches DOL Readiness Tool

Thu, 20 Oct 2016 10:00:00 +0000

AssetMark launches DOL compliance readiness tool, Neuberger Berman executives form Matrix Wealth, and Ric and Jean Edelman donate $25 million to fossil research.

Lynn Tilton Loses Bid to Keep Planned Asset Sale on Hold

Wed, 19 Oct 2016 14:17:00 +0000

Chris Dolmetsch and Bob Van Voris

Patriarch Partners Founder Lynn Tilton can’t block a planned sale of assets in one of her former investment funds, a deal she claims was structured to benefit insurer MBIA Inc.

Humiliated Stock Picker Who Sold His Firm for $31 Is Back on Top

Mon, 17 Oct 2016 15:06:00 +0000

Tom Redmond, Yuko Takeo and Nao Sano

The 3,240 yen ($31) of cash framed on Hideto Fujino’s desk is a constant reminder of his greatest humiliation.