Sue Asci
Boston Bureau Reporter at Investment News. Connect with her on LinkedIn.
Boston Bureau Reporter at Investment News. Connect with her on LinkedIn.
Denver Nuggets basketball star Carmelo Anthony filed a lawsuit in federal court in Sacramento, Calif., this week alleging that his former financial and business adviser transferred more than $2 million from his accounts without his knowledge or consent.
Robert Reynolds, president and chief executive of Putnam Investments, is nothing if not an optimist.
Putnam Investments expects to deploy its absolute-return funds within target date retirement funds — a strategy slated for launch this fall.
A bill that would result in the creation of national standards for carbon dioxide emissions could be voted on by the House in the next couple of months, one of its co-sponsors told more than 200 members of the Greater Boston Chamber of Commerce today in Boston.
The Securities and Exchange Commission today said that it has settled charges against TD Ameritrade Holding Corp. Inc. for making inaccurate statements when selling auction rate securities. Also today, Charles Schwab & Co. denied charges by Attorney General Andrew Cuomo that the firm misrepresented the safety of such securities.
The Financial Industry Regulatory Authority Inc. might issue guidance in coming weeks regarding fees firms can charge for life settlement transactions, a Finra executive said today in Boston at the agency's annual meeting.
While last year's unpredictable performance may not mean the end of target date funds, it did signal coming changes that could affect how they are structured and sold in the future.
A year after he quietly launched his own brokerage firm in St. Louis, Benjamin F. “Tad” Edwards IV — the great-great-grandson of Albert Gallatin Edwards, who founded A.G. Edwards Inc. in the 19th century — is moving right along with his expansion plans, having opened his first two branch offices in the past two months.
Although the Alliance for Investor Education hopes that many teachers will gravitate to its newly released resource list of financial-education websites for children, the market downturn may also drive some adults “back to school.”
Investors who lost a chunk of their retirement savings in the market downturn last year are obviously concerned about their futures, but so are investors who escaped unscathed, according to a report released last week by Financial Research Corp.
