As Fidelity continues to focus on luring breakaway brokers, a top executive at the firm noted specifically that the company is zeroing in on the very top-producing teams at wirehouses.
As lawmakers prepare to shelve the Build America Bonds program, investors should strongly consider purchasing the government paper, according to Peter Coffin, president of Breckinridge Capital Advisors Inc. But he also warns that the program's end will trigger uncertainty — and some near-term volatility — in the municipal bond market.
Analyst falters in repeating earlier successes after striking out on her own; still time for calls to come good
States not likely to miss payments, but local governments could be risky bets
Analyst reportedly has rated 15 largest states according to financial conditions; only two get passing grades
Things are looking decidedly gloomy once again for securities firms. Meredith Whitney predicts banks will pay out puny bonuses for 2010, then start laying off tens of thousands of workers.
Another small broker-dealer is closing its doors due to not having enough capital on hand to meet industry rules to remain open for business — <a href =http://www.investmentnews.com/apps/pbcs.dll/section?category=specialreporttemplate&issuedate=20100616&sid=bddown>at least the seventh B-D to shut down this year</a>.
There are just 450 advisers 'approved' to work with NFL players, fighting it out over 1,800 athletes in the league. But now, Dana Hammonds, director of financial programs and adviser administration for the NFLPA, said the players' union will craft new rules that advisers must meet to get on that carefully vetted list.
Scuttling the Administration's tax proposal would hit average Americans squarely in the wallet; the fate of refundables?
