Former AIG chairman and chief executive Maurice Greenberg and other former executives at the insurer will have to cough up $115 million as part of a settlement in a derivatives lawsuit with the Teachers’ Retirement System of Louisiana.
Former registered broker-dealer representatives Peter D. Kelly and Daniel K. Ivandjiiski, have been barred from the securities industry for insider trading by the Financial Industry Regulatory Authority.
Handful of firms peddled equity swaps, stock loans to clients; 'IRS pussyfooted on this.'
The Financial Planning Association and the National Association for Fixed Annuities have leapt into the fray, submitting comments on the SEC’s proposed index annuity rule.
Another independent-contractor broker-dealer is being sold — and this time an insurance company is pulling the trigger on the deal.
Efficient Market Advisors LLC of Del Mar, Calif., announced today the launch of the first 403(b) retirement program offering professionally managed portfolios of exchange traded funds.
Richard England, Jr., the team at Martin Capital Management, Marc Turner and Elizabeth Verterano were named Community Leadership Award winners last night at the second annual awards dinner sponsored by <i>InvestmentNews</i> and the Invest in Others Charitable Foundation Inc.
According to the Congressional Budget Office, the fiscal-2008 budget deficit projection is $407 billion, compared with fiscal 2007’s $161 billion deficit.
Two divisions of Bank of America Corp. have agreed to buy back $4.5 billion in auction rate securities from individuals and small businesses across the country.
Manulife Financial Corp. of Toronto has named Donald A. Guloien to succeed Dominic D’Alessandro as president and chief executive officer.
