As the first anniversary of the Pension Protection Act approaches, financial advisers remain wary of target date mutual funds.
Financial advisers are reeling from the abrupt resignation of Ellyn A. McColgan last week from Fidelity Investments.
Coby Brooks, the son of the late founder and owner of the Hooters restaurant chain, is in an estate battle with his father's widow, arguing that a commonly used estate law is unconstitutional.
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.
Assets under management for the average SEC-registered investment adviser are expected to leap 256% to $1.6 billion by the end of 2012, from $449.6 million at the end of 2006, according to a study that will be released tomorrow.
Borrowers just above subprime are reporting more residential mortgage delinquencies, according to AIG.
The SEC has settled with General American Life Insurance Company and a former executive for late trading.
Despite high-profile stories of hedge fund collapses in the last few weeks, two indexes showed overall gains for the industry.
Bear Stearns is being sued over the now-infamous failure two of its hedge funds, published reports said.
FINRA is sweeping B-Ds looking for improper early withdrawals from client retirement accounts.
