Patrick Cruickshank is one of at least four former Stanford Group Co. financial advisers and executives who may be sued by U.S. securities regulators for fraud, according to the Financial Industry Regulatory Authority Inc. and a lawyer for the brokerage's underwriter.
Connecticut has highest per capita income, but plenty of poor folks; solidly middle class now 'solidly hurting'
The Securities and Exchange Commission has started targeting investment advisers who have lied on their registration forms
Surprisingly, an exclusive <i>InvestmentNews</i>poll shows that nearly 40 percent of advisers support the anti-Wall Street movement. But an even larger percentage say nothing will come of the protests.
Falling investment returns, rising costs of necessities has pre-retirees cutting back on prescriptions, skipping doctors' appointments, study finds
Everyone agrees that determining the cost basis of securities is a big headache.
Peter Schiff, CEO and strategist for Euro Pacific Capital, stopped by the <i>InvestmentNews</i> offices for a chat with Deputy Editor Evan Cooper - and Mr. Schiff offers some pointed views on regulation of brokers and advisers.
Europe will muddle through its financial crisis but is unlikely to craft an enduring solution to calm volatile investment markets.
Fed's low-interest-rate policy making tax-exempt debt very attractive, say portfolio managers; 'renewed confidence'
States, cities face rate cuts as financial pressures mount, credit rater warns; defaults, while rare, could increase
Timing is everything, and the high-profile analyst blew hers with that celebrated muni meltdown prediction for 2011; she still may end up being right, though
Dire prediction by high-profile analyst fails to pan out; tax-exempt debt sees 10.5% gain this year
After a great deal of effort and teamwork, the <i>InvestmentNews</i> Technology Directory will be introduced online Wednesday.
Albert Pujols may have made a smart decision signing with the L.A. Angels instead of the Florida Marlins or sticking with the St. Louis Cardinals. His tax attorney may have a different view on the subject, however.
This was supposed to be the year the muni market went to hell in a handbasket. But with yields now matching -- and even surpassing comparable Treasuries -- tax-exempt bonds are suddenly very hot. | <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20111208&Category=FREE&ArtNo=120809999&Ref=PH&Params=Itemnr=PH>The ten muni funds investors flocked to in 2011 &raquo;</a>
Unsecured debt for company maintenance facility now trading at 16 cents on the dollar
Don't expect the SEC's fiduciary proposal this year. According to a Commission insider, ramped-up cost-benefit analysis is gumming up the works. Said the official: 'The time frame certainly has slipped.'
The lack of empirical evidence showing that brokers lead investors into bad investments because they want the commissions from those products is making it a challenge for supporters of a uniform fiduciary duty to convince lawmakers that there is a problem
