Two of the biggest blowups in the retail-investing business are wending their way through legal channels, with plaintiff's attorneys looking far and wide to place blame in order to win money for clients.
Federated Investors Inc. launched the Federated Kaufmann Large Cap Fund this month in a bid to capitalize further on the success of star managers Lawrence E. Auriana and Hans P. Utsch.
One very large player figured only marginally in the scandals of the 1990s — the $7 trillion mutual fund industry.
Insurance agents and advisers are hawking annuities without grasping the adverse impact on clients' estate plans, industry observers said.
Fund Architects LLC, which promises to provide small investors with institutional-quality money management, legitimately can claim that it thinks outside the box.
E*Assist's Compliance Officer Report Card assists compliance officers in tracking the advisers they oversee.
The firms will join forces to offer international cash- and fixed-income exchange traded fund products.
After a buyout, a company cuts an average of 7% of its workforce, but new positions in new locations are added at a 6% clip.
Banks could be obliged to to set aside $143 billion in reserves if municipal bonds are downgraded, a report says.
