Study on the price tag of applying fiduciary rule to IRAs shows huge costs, diminished access and service
The Oppenheimer Holdings solicitation allegedly overstated the value of holdings in the Global Resource Private Equity Fund, described in a private placement memorandum as a fund of funds intending to invest in natural resource-related companies.
Supporters of a bill that would eliminate the estate tax are touting the fact that the legislation has attracted more than 200 House sponsors. But for now, this measure serves mostly as a Republican political statement. Democrats are making their own noise with tax bills that probably won't go anywere this year.
Renee Marie Brown faces 20 years in prison for hawking bogus bond fund
Elderly couple awarded $1.4M for claim over tenant-in-common exchanges; were seeking $8M
At $6B, Margaret Cargill top donor in U.S. in 2011; Michael Bloomberg, George Soros also big givers
Carrier aims to pull away from 'capital-intensive' products — including annuities
Turnkey asset manager in talks with Transamerica Life Insurance Co. and The Phoenix Cos. to develop income-producing product
Judge finds for claimant in $5 million stoli benefits payment from Lincoln National Life
Prudential Financial Will pay $17 million to settle with seven states; regulators claim insurer used more comprehensive database for cutting off annuity payments than one used to locate those owed money.
Agreement requires insurer to step up cross referencing to locate unpaid beneficiaries
Executives at life insurance companies can breathe a sigh of relief now that the proposed federal long-term-care insurance program — the CLASS Act — has been killed
Ease of use a real selling point; trails only Facebook, Twitter in popularity
Failure to reform money-market funds would be a mistake: Economist panel
