Bill requires insurers to disclose how much money they stand to make off the float; 'corporate greed'
Subpoenaeas MetLife Inc. and Prudential Financial Inc. for information on practice of generating investment income off survivors' death benefits
Survivors given checkbook accounts, while insurers retain the assets; 'turning death claims into a profit center'
Bank of New York Mellon and Wells Fargo have both sued Securities America -- along with other B-Ds -- over the sales of MedCap private placements. In an internal e-mail obtained by <i>InvestmentNews</i>, here's what SA boss Jim Nagengast said about the litigation.
Following a long run-up, commodities last week suffered their largest declines in almost two years, paring this year's gains to about 10%
Connecticut's insurance department yesterday kicked off an inquiry into insurers' payments of death benefits and the steps the insurance companies take to locate beneficiaries.
Meredith Whitney went out on a limb -- way out -- with a jaw-dropping prediction on '60 Minutes.'
Bill Miller, Legg Mason's highly-touted stock picker, believes that President Obama's tax cut plan will be a shot in the arm for U.S. stocks.
In an e-mail sent to brokers Friday evening, Securities America said crucial negotiations with investors suing the B-D could lead to a final resolution of the dispute. Without such an agreement, the brokerage -- and its 1,800 reps -- may be facing the end of the line.
A report today indicated that Ameriprise 'may' let Securities America go under. But sources tell InvestmentNews that plaintiffs lawyers have just made their first settlement proposal to Ameriprise.
