PHILADELPHIA — With help from Barclays Global Investors, a California 401(k) record keeper has created a new platform intended to break the mutual fund stranglehold on the 401(k) market.
Wachovia Corp. is putting the finishing touches on its retention package for brokers with A.G. Edwards.
Two hedge funds have sent a second letter to TD Ameritrade, challenging the company’s refusal to merge.
One of AIG's subprime units settled with the Office of Thrift Supervision over inappropriate loans to some borrowers and excessive fees.
The Hedge Fund Research composite index increased 2.43% in May and is up 7.19% on the year.
Citigroup Inc. agreed to pay $15.2 million to settle claims with NASD that its brokers misled employees of BellSouth Corp.
A Massachusetts man and his company have been charged with operating as an unregistered broker-dealer and soliciting investors for companies he represented.
Two hedge funds are pressuring TD Ameritrade to sell out to E*TRADE or Schwab, according to press reports.
Morgan Stanley’s board of directors has approved the spin-off of Discover Financial Services.
Prudential Financial today announced that it would close its equity research and trading business, with a loss of some 420 jobs.
