Barclays Global Investors of San Francisco announced today that five iShares exchange traded funds designed to track the FTSE NAREIT Indexes began trading today.
A.G. Edwards & Sons Inc. of St. Louis yesterday settled with the Securities and Exchange Commission over allegations of mutual fund market timing. The firm agreed to pay $2.4 million in disgorgement and $1.5 million in penalties.
Morningstar Inc. a provider of independent investment research, today reported consolidated revenues of $95.4 million in the first quarter, a 36% increase from revenues of $70.1 million in the first quarter of 2006.
New York-based Lehman Brothers has appointed Roger Nagioff as global head of fixed income, based in London, according to published reports.
The National Association of Personal Financial Advisors has launched a new benchmarking tool that will help advisers measure their practices against those of fellow NAPFA members.
UBS AG will close its two-year-old Dillon Read Capital Management hedge fund unit, the bank said today according to published reports.
Wachovia Securities LLC is launching a pilot version of a retirement income management account, Robert Vorlop, director of investment products, told attendees of the Money Management Institute's annual meeting in Washington.
For the second time in as many months, a Mideastern investor has acquired what it called a “substantial” stake in British bank HSBC Holdings PLC, according to published reports.
JPMorgan Chase & Co is reviewing security protocols after a video posted online showed someone displaying documents found in trash cans containing customers' personal information, according to CNN.Money.com.
Wealthy investors are less likely to be loyal to a brokerage firm than they are to an adviser with whom they have developed a strong relationship, according to a national study of 4,000 affluent Americans released today by Cambridge, Mass.-based market research firm Cogent Research LLC.
