Some ETF providers are asking the SEC for exemption from a part of Regulation NMS, CCH Wall Street reported.
Goldman Sachs’s Global Equity Opportunities fund lost $1 billion last week, prompting a $3 billion injection.
PHILADELPHIA — Morgan Stanley’s plans to take its MSCI Inc. index unit public is raising concerns about conflicts of interest that may arise when an index company must answer to shareholders.
Client portfolios may be affected by the fallout from turmoil in the subprime mortgage market — but advisers aren’t exactly sure where the problems may lie and don’t believe their software tools can give them timely answers.
SAN FRANCISCO — With early-stage investments showing new strength during the second quarter, venture capitalists reported the largest number of deals since 2001.
WASHINGTON — Estate planning lawyers are increasingly worried that Congress may not act on estate tax reform before the estate tax repeal expires at the end of 2010.
OTTAWA — Embarrassment? Tragedy? Take your pick. Those were among the mostly furious reactions to the decision by Ontario Superior Court that cleared a former vice chairman of Bre-X Minerals Ltd. on all charges leveled at him by the Ontario Securities Commission.
Intensifying its recent focus on protecting retirees, the Financial Industry Regulatory Authority began last month a sweep of broker-dealers focusing on the use of exemptions in the tax code to withdraw money from retirement accounts for clients before they reach 59½.
Financial advisers are reeling from the abrupt resignation of Ellyn A. McColgan last week from Fidelity Investments.
As the first anniversary of the Pension Protection Act approaches, financial advisers remain wary of target date mutual funds.
