Friday, November 20, 2009
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By Jeff Benjamin   |  November 20, 2009, 4:29 PM EST
Financial advisers and investors must bear in mind that consumers will not be in a position to support their normal share of economic growth, according to Brian Wright, head trader and co-portfolio...
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By Jessica Toonkel Marquez  |  November 20, 2009, 4:27 PM EST
Despite having seemingly killed its proposed rule on providing investment advice to participants in...
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By Dan Jamieson  |  November 20, 2009, 4:24 PM EST
The broker attrition at Morgan Stanley Smith Barney LLC is slowing down, according to Charles Johnston, its president and chief operating officer.
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By Davis D. Janowski  |  November 20, 2009, 4:02 PM EST
In a move likely to be replicated by most exchanges, the Nasdaq OMX Group Inc. announced this week that it will begin providing real-time latency measurement to its customers.
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By Associated Press  |  November 20, 2009, 3:55 PM EST
Investors claiming they were fleeced by a high-profile South Florida attorney filed a $100 million lawsuit Friday contending that the lawyer orchestrated a massive Ponzi scheme with the help of a Canadian bank's U.S. subsidiary and several accomplices.
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By Sara Hansard  |  November 20, 2009, 3:50 PM EST
Life insurers are concerned that legislation the House Financial Services Committee is likely to approve after Thanksgiving will increase costs substantially for the 28 carriers that have assets of more than $50 billion.
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November 20, 2009, 3:48 PM EST
The following is the text of an email that Bruce Bond, chairman and CEO of Invesco Powershares, sent earlier this week describing his new role:
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By Associated Press  |  November 20, 2009, 3:47 PM EST
If you had a good mix of stocks and bonds in your retirement account and you left it alone through the market madness of the past year, more than likely you're in good shape now.
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By David Hoffman  |  November 20, 2009, 3:24 PM EST
Bruce Bond is stepping down as chief executive of Invesco PowerShares Capital Management LLC, the exchange-traded-fund provider he founded in 2003.
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By Associated Press  |  November 20, 2009, 2:20 PM EST
State and federal prosecutors have charged seven people in an alleged securities scam that cheated dozens of people out of $17 million.
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By Associated Press  |  November 20, 2009, 1:36 PM EST
The stock market lost ground for a third straight day as investors grew uneasy about a rising dollar and spiking demand for the safest government debt.
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By Lisa Shidler  |  November 20, 2009, 12:52 PM EST
Financial advisers and other consumers with any debt at all need to become more Scrooge-like this holiday season and avoid buying presents altogether, cautions a credit counseling organization.
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November 20, 2009, 11:40 AM EST
Conseco Inc. said Friday that a subsidiary has reached a reinsurance agreement with Wilton Reassurance Co. covering about 237,000 life insurance policies.
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By Sara Hansard  |  November 20, 2009, 11:40 AM EST
House Republican Leader John Boehner, R-Ohio, criticized the Obama administration's decision yesterday to scrap a Bush administration rule that would have allowed investment advisers to provide advice to 401(k) plan participants.
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By Associated Press  |  November 20, 2009, 11:40 AM EST
The Securities and Exchange Commission must tighten its process for deciding which investment advisers to inspect if it is to avoid colossal breakdowns like the one that allowed Bernard Madoff's multibillion-dollar fraud to go undetected for 16 years, the agency's inspector general says.
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