Instead of fighting with advisers over the estimated $1.5 trillion in 401(k) rollover assets, record keepers may want to work with them.
Company says that it can be an advantage when it comes to recruiting
Like many aspects of the financial-regulatory-reform legislation that became law July 21, the provision that increases the threshold for state regulation of investment advisers doesn't go into effect for another year.
State securities regulators are meeting next week to begin planning for the examinations of more than 3,000 investment advisers expected to come under their jurisdiction next year.
Stocks unpopular with Wall Street up 165% since March 2009
It's been slow in coming, but the mutual fund industry is finally beginning to offer specifics about the type of backstop it wants to set up for money market funds.
Some of the broker-dealers that sold allegedly fraudulent private placements appear to have allowed their net-capital positions to fall dangerously low, a situation that could threaten their existence if they have to pay large legal claims.
The liquidating trustee of Provident Royalties' private placements is hoping to recover $285 million in claims and commissions from B-Ds that sold the busted investments
Fund firm says it received request for general information; FBI widening net in probe of expert networks
