A fourth-quarter tumble in long term care insurance sales brought down full- year 2008 results for the product, according to data from LIMRA International Inc.
Advisers are agitated by the SEC’s decision to expand its examinations of advisory firms to include contact with clients.
Bernard Madoff pleaded guilty Thursday to an epic fraud that robbed investors worldwide of billions of dollars, avoiding eye contact with swindled investors before he was led out of court with his hands cuffed behind his back.
Shareholder resolutions calling for the adoption of a “genocide-free” investing policy might be withdrawn before Vanguard’s July 2 shareholders’ meeting because the firm has established a formal policy.
Mutual funds attracted net inflows of $44 billion during January and February, according to a report from Strategic Insight Mutual Fund Research and Consulting.
Suspending mark-to-market accounting would improve the credit system, Robert Reynolds, chief executive of Putnam Investments, said today.
Fidelity Investments today unveiled a program to help registered investments advisers hire, develop and retain employees.
The Charles Schwab Corp., under fire from some investment advisers for abruptly ending custody of most alternative assets, said it is modifying the policy but not abandoning it.
Stocks declined in early trading Thursday after mixed economic data and a cut in General Electric Co.'s credit rating.
President Barack Obama plans to sign a massive spending bill to keep the federal government running, even though it is stashed with the very kinds of pet projects that the campaigning Obama promised to resist.
