The firm’s parent company, National Financial Partners, will replace Jeff Montgomery from within.
Sales by advisers were rated the most effective method of marketing 529 plans, according to a survey.
The number of U.S. workers filing new claims for unemployment benefits rose in late January to its highest level since October 2005.
A total of 222,184 consumer complaints were reported to the NAIC last year, a 3.6% fall from 2006.
MBIA, the troubled Armonk, N.Y.-based bond insurer, posted a $2.3 billion loss and a write-down of $3.5 billion.
Brian Duperreault replaces Michael Cherkasky, who left the New York-based insurance broker in December.
Daniel Marino, who faced a maximum sentence of 50 years, had sought leniency due to his cooperation with prosecutors.
Claymore Securities has unveiled the Claymore/AlphaShares China Small Cap Index exchange traded fund on Amex.
Self-reporting in areas such as the retention of e-mails “is more of an art than a science,” said the CEO of ING.
A possible collapse of teetering bond insurers could cost financial firms, including Merrill Lynch and Citigroup, up to $75 billion.
