Jeff Nash was a reporter for sister publications Pensions & Investments and Financial Week before becoming Assistant Managing Editor at InvestmentNews from 2009 to 2012. He then moved on to be a Finance Editor at The Wall Street Journal and then Managing Editor at CNBC. Connect with him on LinkedIn.
While in no way minimizing the tragic fate of Bernie Madoff's other victims, one can't help but feel immensely sad for Mark, whether he knew or didn't know.
The Dow Jones industrial average closed above 11,000 for the first time in five months as hopes build that the Federal Reserve will take more action to get the economy going again.
President Barack Obama said it would be “irresponsible” for Congress to extend tax cuts for the wealthiest Americans and voiced support for Treasury Secretary Tim Geithner and National Economic Council Chairman Lawrence Summers.
Richard Smith and son R. Chris Smith — reps at Smith Financial in Dallas — apparently had an ongoing dispute with the suspect, who also turned the gun on himself and is in critical condition.
Brokers' disciplinary records will be available online to the public even if they leave the securities industry, a regulatory organization said Tuesday.
The key informant in the tax evasion case against Swiss bank UBS AG claims prosecutors made false statements to a judge who sentenced him to prison.
Wall Street executives said Wednesday they underestimated the severity of the 2008 financial crisis and made poor decisions, while also defending their bonus and compensation practices to a skeptical commission investigating what caused the collapse.
Focus Financial Partners, which recently completed a $50 million recapitalization to meet debt obligations and revive its business of buying interests in wealth management firms, confirmed today that it has made LLBH Private Wealth Management a full partner firm. As a partner, LLBH gets a combination of cash and equity units in Focus in exchange for giving the parent company a preferential interest in a portion of its annual revenue.
ICAP Securities USA, the U.S. division of a big British brokerage, agreed Friday to pay $25 million to settle federal regulators' charges that it deceived customers by displaying thousands of phony trades in U.S. Treasury securities on its screens.
The federal deficit hit a record for October as the new budget year began where the old one ended: with the government awash in red ink.
