The two were among a group of ex-Marsh executives who were charged in a criminal indictment in September 2005.
The composite Eurekahedge Hedge Fund Index fell 3.1% in January, the worst performance since the company began keeping data in January 2000.
MBIA has pulled away from the Association of Financial Guaranty Insurers, saying it no longer shared the trade association’s views.
The firm was “the unfortunate victim of misconduct by certain former employees,” according to a client letter.
J. Andrew Kalbaugh is replacing Mr. Dixon as chairman of Mutual Service as well as chairman and CEO of Associated Securities.
MISR Securities International of Egypt allegedly refused to pay the debit balance in its account.
A top brokerage executive with an independent-contractor firm has been fired for failing to report outside business activity.
Ex -AIG CEO Maurice R. Greenberg will get court-ordered access to legal documents that could help him fight fraud charges, according to published reports.
Assets in managed accounts grew by 20.1% last year, hitting $1.49 trillion, according to the Money Management Institute.
The New York State Insurance Department also reproached the plan, arguing that it would be “bad for the banks.”
