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A decision by AIG's board not to sue the U.S. government for allegedly giving short shrift to the giant insurer in its 2008 bailout is good news for its network of independent broker-dealers.
Kathleen Gaffney is stepping out of the shadow of her former boss. In October, she abruptly quit Loomis Sayles & Co. LP, where her career began in the mid-1980s, to join Boston crosstown rival Eaton Vance Corp. The move caught
A new book that criticizes the financial advice industry is being panned by many advisers, but surprisingly, others agree with at least some of its conclusions. In “Pound Foolish: Exposing the Dark Side of the Personal Finance
A new Commodity Futures Trading Commission rule to harmonize certain CFTC and SEC mandates that apply to mutual funds investing in commodities is drawing criticisms.