An Apple Valley, Minn., money manager is charged with orchestrating a Ponzi scheme that allegedly defrauded at least 1,000 victims out of $190 million.
The French bank says it's conducting an internal audit after uncovering 'anomalies' in the account. Clients have been notified.
One year later, it's clear who's running the show
The Financial Industry Regulatory Authority Inc. today fined Scottrade Inc. $600,000 for failing to have adequate anti-money laundering procedures in place to detect and report suspicious transactions.
The Charles Schwab Corp. could be liable for millions in investors' claims over losses to a short-term-bond fund that blew up this year because of its exposure to mortgage-backed securities.
Nuveen Investments Inc., the asset manager owned by Madison Dearborn Partners LLC, agreed to buy the stock and bond funds of U.S. Bancorp's FAF Advisors unit for $80 million in cash and a 9.5 percent stake in Nuveen.
Ms. Boesky will work on developing business with institutional investors and strengthening the bank's relationships with clients
To deal with a rising-rate environment, the fund manager has built a 44% position in bonds that have yields that adjust in relation to the London Interbank Offered Rate.
Mr. Wordell believes credit issues are declining and an improving economy will help financial firms develop more operating leverage, while the appeal of the industrial sector follows the theme of a “massive global infrastructure spend-out over the next 20 years.”
