Asset management unit relaunching high-income fund as floating-rate fund; such offerings have seen record inflows on inflation worries
<a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&issuedate=20100423&sid=BD0426&djoProjId=10994&djoRecordId=342440#record_342440>LPL Investment Holdings Inc.</a> will look to recruit at least 400 net new registered reps and investment advisers this year and into the future, while top executives at the firm acknowledge that attracting top brokers is getting more expensive.
After 20 years of working within the strict confines of a bank trust department, adviser Robert Kaercher was ready for a change.
A group of “several hundred” former customers of con man Bernard Madoff objected to a request for $34.6 million in legal fees by Irving Picard, the trustee overseeing the Madoff bankruptcy, and his law firm.
David Lerner Associates Inc., a brokerage firm known for its founder's “Take a tip from Poppy” advertising slogan, was accused by the Financial Industry Regulatory Authority of overcharging customers on sales of municipal bonds and mortgage securities.
Peter Cieszko, current president of global distribution, will be named to the position, replacing Dennis Ferro.
Pay-to-play rule one more reason to steer clear of the topic; but what about right to free speech?
The cumulative wealth of the world's richest households will more than double, to $202 trillion over the next ten years, according to a study conducted by the Deloitte Center for Financial Services and Oxford Economics.
Savers with cash in longer-term certificates of deposit are losing out to inflation, according to Market Rates Insight
