Investment advisory firms would have to pay fees to cover the cost of SEC examinations under draft legislation released last week by a senior lawmaker.
Three more large investment firms have raised sufficient capital to participate in the joint partnership with the government to purchase toxic assets from banks.
The investment advisory profession is facing a number of serious policy issues that could dramatically alter the manner in which it is regulated and transform the high ethical standards that have been a hallmark of the profession for decades.
By at least one measure, today's teenagers are more responsible than their parents were.
Many American households would be in financial distress if confronted with the loss of a breadwinner, according to a recent survey from New York Life Insurance Co.
Aspiring U.S. homebuyers rushed to take advantage of a tax credit for first-time owners that expires in November, driving up the number of signed sales contracts for the seventh straight month in August.
U.S. consumer spending, propelled by a temporary government incentives program for auto sales, shot up in August by the largest amount in nearly eight years even though personal incomes continued to lag.
Emerging markets could be the next bubble to watch out for, but the doesn't mean the run is over yet, according to John-Paul Smith, chief strategist for Pictet Asset Management Ltd.
Consumer spending, the bulwark of economic growth, is showing signs of life as the economy transitions from recession to recovery.
Trading will begin tomorrow on four actively managed exchange-traded funds launched by Grail Advisors LLC.
