Terms such as “fiduciary duty” and “suitability” contribute to investor confusion, and they should be replaced by a “universal standard of care” for brokers, says SIFMA.
America's financial regulatory system must be overhauled to strengthen oversight of banks, mutual funds and large financial institutions, Federal Reserve Chairman Ben Bernanke said Tuesday.
The median sales price of single-family homes tumbled 3.5% in January, from December, and 18.9% from a year ago, according to Integrated Asset Services LLC in Denver.
Your wealthy client, age 72, has a sizable individual retirement account and is wondering whether to make charitable contributions from the IRA in 2009.
Advisers need to bolster their sales efforts to snag new clients since most advisory firms’ sales are down 10% to 40%, one industry expert told advisers at the Financial Planning Association’s Business Solutions conference at the Chicago Westin.
Investors continued to put money into their 401(k) plans last year despite the market turmoil, according to a study released today.
Unless an investor had held an investment for more than a decade, they lost money in last year’s market collapse, according to a study released today by Dalbar Inc.
A sharp disconnect still exists between homeowners and sellers over the real value of home prices, according to the latest survey by HomeGain.com Inc.
Locke Capital Management Inc. and its chief executive, Leila Jenkins, lied repeatedly to customers by inventing clients who supposedly lived in Switzerland and had more than $1 billion in assets, the SEC charged today.
Stifel Financial Corp. said Monday it plans to buy back all auction rate securities held by its retail investors, who bought them prior to the collapse of the ARS market in February 2008.
