Will serve as managing director for firm with $7.1B in AUMs; outfit started out as John D.'s family office in 1882
Says flood of comment letters raised some important points, which commission will consider
Management at Wells Investment Securities -- the broker-dealer of Leo Wells -- says the B-D is on Finra's radar. Apparently, the regulator is set to discipline the firm for allegedly violating advertising and data protection rules.
Rejiggered, standalone line of business now reports directly to the CEO; meanwhile, investment product management boss departs
Lawyers cite risk of information overload; 'confusing' to participants
Company says O shares won't have front-end load, making them cheaper than other contracts; will likely discourage exchanges
More detail? Less detail? Groups disagree about the DOL's plan to hike disclosure about the funds
Rule requiring greater disclosure draws fire from retirement plan providers
The Labor Department today proposed a rule aimed at providing 401(k) plan participants more details about target date funds used in retirement plans.
Finra wants to replace 5% policy with principles-based guidelines; enforcement could be a 'monumental task'
Section 401(k) of the Internal Revenue Code went into effect in 1980 and subsequently launched what has become the largest private-sector retirement plan in the United States.
The ICI and unions are going toe-to-toe over whether mutual funds pose any major systemic risks to the U.S. financial system -- and if the mutual fund industry needs extra oversight
Absent true reform, and eager to jack up profits, some Wall Street firms will once again make risky bets -- and probably crap out
On Monday, Sen. Christopher Dodd unveiled his latest plan to clamp down on financial services providers. On Tuesday, bankers and their lobbyists descended on Capitol Hill. A connection?
Federal Reserve Chairman Ben Bernanke urged Congress Wednesday to let the Fed keep all of its banking oversight, arguing that information gleaned from that process helps the central bank guide the economy.
Fleming's comp package included $1.4M in cash, and nearly $4M in deferred cash; took over at brokerage in January
Pressure is mounting to prop up the sagging Social Security system. Requiring workers to set aside some money of their own may be the solution.
With two of the most severe bear markets of this century fresh in their short-term memories, affluent investors — particularly the youngest investors — appear to be quite skittish about investing in anything but the safest of asset classes.
A new health insurance tax credit could hit some small financial advisory firms in their sweet spot — but only if they fit a specific profile
