Arguing that they can do more than federal agencies with less, state securities regulators today asked Congress to consider giving federal grants to state securities divisions.
New Jersey Attorney General Anne Milgram said yesterday that her office is spearheading an investigation into the bonuses paid to workers’ at American International Group Inc.’s financial-products unit.
The Vanguard Group Inc. is offering what it says is the first of its kind: a fund that offers exposure to small-cap stocks in both emerging and developed markets outside the United States.
While the IRS released new rules this week to help victims of Bernard Madoff’s Ponzi scheme recoup some of their losses with a tax break, private foundations will not be able to benefit.
The BISA-Singer Bank Brokerage Index dropped 10% in the fourth quarter, the Bank Insurance and Securities Association announced yesterday.
Thirteen recipients of bailout funds from the Troubled Asset Relief Program owe more than $220 million in unpaid federal taxes.
New jobless claims fell more than expected last week, to a seasonally adjusted 646,000.
European Union leaders on Thursday insisted they were spending enough to dig out of the recession, with the EU presidency saying an additional stimulus package "is a deadly idea."
A case involving how mutual fund management advisory fees are charged will be heard by the U.S. Supreme Court this fall and could result in lower fees for shareholders.
