John Hancock will pay $21.2 million to settle an investigation of the firm's failure to disclose revenue sharing schemes.
PowerShares today launched four exchange traded funds based on the FTSE RAFI indexes.
Claymore Securities today announced the launch of Claymore/KLD Sudan Free Large-Cap Core ETF on the /MEX.
A London hedge fund manager will go public by merging with New York's Freedom Acquisition Holdings.
Amaranth Advisors used a loophole to cloud the extend of its massive gas holdings, according to a Senate report.
Bank of America said it lost about $450 million from the bankruptcy of Parmalat after relying on "fraudulent misrepresentations" made by the Italian dairy company.
The SEC is looking at possible problems involving revenue sharing payments made by funds of funds.
Wachovia Securities LLC may face challenges in retaining all the brokers it wants to, in the wake of its announced merger with A.G. Edwards Inc. of St. Louis.
Two powerful bank trade groups today announced plans for a merger.
In an attempt to save a semblance of his family’s broker-dealer, Scott Brooks, scion of the founder of Brookstreet Securities Corp., last Thursday jumped to Wedbush Morgan Securities Inc. and then immediately invited Brookstreet’s 500 affiliated representatives to join him.
