August 26, 2011

Fixed and indexed annuity sales crept upward during 2Q

By Darla Mercado

Sales of indexed annuities surged to $8.4 billion, growing 18% from the first quarter. Meanwhile, income annuities climbed 30% to $2.3 billion during the same period.

• annuities,
• fixed annuities,
• ING Group,
• Insurance,
• Stifel Financial Corp.

August 10, 2011

Stifel defrauded school districts: SEC

By Liz Skinner

Says brokerage told officials in Wisconsin it would take ‘15 Enrons' to sink $200M investment; CDOs went bust

• broker-dealers,
• regulation,
• Stifel Financial Corp.

August 5, 2011

Former A.G. Edwards execs are out at Wells Fargo

By Dan Jamieson

Several former long-time executives of A.G. Edwards & Sons Inc. are no longer with Wells Fargo Advisors LLC, InvestmentNews has learned.

• A.G. Edwards & Sons,
• broker-dealers,
• staffing / personnel,
• Wells Fargo & Co.

July 20, 2011

Massachusetts suing RBC Capital, rep over leveraged ETF sale

Massachusetts' top securities regulator is suing RBC Capital Markets LLC and one of its former registered representatives over the sale of leveraged exchange-traded funds, saying they sold them to clients who didn't understand how the investments worked.

• exchange traded funds (ETFs),
• lawsuits,
• RBC Wealth Management,
• regulation

July 5, 2011

RBC Wealth Management boss: We're not interested in big acquisitions

By Andrew Osterland

Despite talk of possible purchase of Morgan Keegan, Taft says bank not eyeing ‘transformational deals'

• RBC Wealth Management,
• retirement & insurance

June 20, 2011

RBC may use U.S. sale proceeds on wealth management

Royal Bank of Canada may use proceeds from the $3.62 billion sale of its money-losing U.S. consumer bank to expand in global asset management.

• banking,
• broker-dealers,
• RBC Wealth Management