The number of federal securities litigation class actions hit a record low of 106 cases last year compared to 169 in 2005, although settlement values remained high, according to a PricewaterhouseCoopers study released today.
Claymore Securities Inc. of Lisle, Ill., today announced the launch of two new exchange traded funds: the Claymore/Clear Mid-Cap Growth Index ETF, and the Claymore/IndexIQ Small-Cap Value ETF.
The Vanguard Group Inc. today said it plans to simplify its account fees, and will also offer ways for investors to avoid them entirely.
Jefferies & Company Inc. today announced the appointment of Edward J. Craig as managing director and head of U.S. Cash Equities Trading.
State Street Global Advisors of Boston today announced the launch of two new international exchange traded funds: the SPDR S&P International Small Cap ETF and the SPDR S&P World-ex-US ETF.
Fidelity Investments today said total client assets at its Fidelity Brokerage Co. unit reached a record $1.77 trillion in the first quarter, up 19% from a year earlier.
Pershing LLC, a subsidiary of The Bank of New York Company, Inc., has added Schroders PLC to FundVest, Pershing’s no-transaction-fee mutual fund platform.
More than 90% of investors surveyed believe that the same investor protection rules should apply to both stockbrokers and financial planners when they offer the same kind of investment advice services, according to a new study.
Nuveen Investments Inc. today announced the initial public offering of the Nuveen Multi-Currency Short-Term Government Income Fund.
London-based AMVESCAP PLC reported that operating profit increased by 27.1% for the quarter to $237.2 million, from $186.6 million in the same quarter last year.
