The Section 529 college savings plan industry is reaching out to its counterparts at financial aid and student loans groups to hold a first-of-its-kind summit in Washington in late May or early June, InvestmentNews has learned.
Brent Nelson's nightmare experience with state securities regulators began last May when, out of the blue, he received a letter from Ohio's Division of Securities telling him his license had been suspended.
As if corporations needed another reason to stop offering quarterly earnings guidance, apparently more and more companies are struggling to make these forecasts even remotely accurate.
When Claymore Securities Inc. of Lisle, Ill., this month announced that it was liquidating 11 exchange traded funds — the first large-scale liquidation of ETFs since the funds were created — some industry experts said investors should view it as a warning.
The French really are different. Consider how the United States would have dealt with Jérôme Kerviel, the 31-year-old trader at Société Générale who managed to lose more than $7 billion through unauthorized trades in stock index futures.
Registered investment advisers seem to be winning the race to capture the retiring-baby-boomer market, according to Charles "Chip" Roame, managing principal of Tiburon (Calif.) Strategic Advisors LLC, who spoke at the TD Ameritrade Partnership 2008 Conference in Orlando, Fla. this month.
If ever there were a time to flex those stock-picking muscles, this is it.
Iowa will be the first state to join an initiative to provide customers with plain-English disclosure on fixed and indexed annuities.
The Investment Management Consultants Association has been attracting more independent planners and advisers.
