The House Financial Services Committee voted Thursday to create a federal agency devoted to protecting U.S. consumers from predatory lending, abusive overdraft fees and unfair rate hikes.
Microsoft Corp. today officially launched its Windows 7 operating system to the masses.
Shares of Ameriprise Financial Inc. surged to a new year high Thursday after the financial services company posted a third-quarter profit that beat Wall Street's expectations, prompting an analyst to upgrade the stock.
In what could be a bit of a make-good to investors after missing some massive fraud cases in the last year, <a href="http://www.investmentnews.com/article/20090913/REG/309139986&ht=SEC " target=”_blank”> —namely Bernie Madoff's $65 billion Ponzi scheme — </a>, the Securities and Exchange Commission has launched its first-ever website devoted exclusively to helping educate investors.
Advisers interested in the technology behind ultra-high-speed trading should take a look at a newly published white paper from exchange technology provider Cinnober.
Busting billionaire hedge fund manager <a href=http://www.investmentnews.com/article/20091016/FREE/910169991&ht=galleon> Raj Rajaratnam last week </a> is a sign that the Securities and Exchange Commission is paying much closer attention to insider-trading rings , according to a former SEC enforcer-turned whistleblower.
Many of the stock market indicators are suggesting caution, but investors now have to consider the “new normal” before jumping in or retreating, according to Jeffrey Beamer, manager of the Lacerte Guardian Fund (LGFIX) for Lacerte Capital Advisers LLC.
A member of the House Financial Services Committee next week plans to propose an amendment to financial service legislation that would require that a study be done on the regulation and oversight of financial planning.
Morgan Stanley Smith Barney saw its total broker head count decline slightly in the third quarter — but their combined clients' assets managed to increase significantly during the three-month period, according to the earnings announcement the brokerage made today.
Matthew Weitzman, a former principal of AFW Asset Management Inc., was sentenced to 97 months in prison after he pleaded guilty last year to stealing from the firm's clients.
