IRVINE, Calif. — Critics of the industry arbitration system want the Financial Industry Regulatory Authority to require that “public” arbitrators have no ties to the industry. In a rule awaiting approval at the Securities and Exchange Commission, New York- and Washington-based FINRA has proposed limiting to $50,000 a year the amount of revenue a public arbitrator could receive from brokerage firms for handling customer disputes.
NEW YORK — Chief executives are feeling more confident about expanding their companies’ reach into emerging markets, but portfolio managers are still wary of investing in the sector.
NEW YORK — Investors surveyed by Spectrem Group admitted to reading at least one Internet blog to obtain financial information.
WASHINGTON — Investment opportunities in India are on the rise, as experts predict that the country’s potential lies well beyond customer call centers. Greenwich (Conn.) Advisors LLC recently created an open-end fund that will invest in 25 to 40 Indian companies in a range of industries, including software, banking, infrastructure, retail, pharmaceuticals and real estate.
PONTE VEDRA BEACH, Fla. — Thanks to the largesse of the FedEx Cup, the best retirement plan in sports just got better.
A judge denied bankruptcy protection for its two failed hedge funds and refused to protect the firm from U.S. lawsuits.
The tax-services giant reported a first-quarter net loss of $302.86 million, or $0.93 per share.
Cheyne Capital Management is asking SIV investors to refinance to put off an enforced asset sale, published reports said.
The First Trust Dow Jones STOXX Select Dividend 30 Index was launched as an exchange traded fund.
Investment companies will now be able to invest in the company’s ETFs beyond the limits of Section 12(d)-1.
