Two members of the Securities and Exchange Commission today called for harmonizing regulations of broker-dealers and investment advisers.
President Obama’s limits on compensation for executives with firms about to receive federal bailout money might be riddled with loopholes.
The Hartford (Conn.) Financial Services Group Inc. limped through the fourth quarter of 2008, racking up a net loss of $806 million.
TD Ameritrade Holding Corp. is close to reaching a settlement with the Securities and Exchange Commission over the sale of auction rate securities
Dividends of companies in the S&P 500 stock index this year are expected to see their sharpest annual decline since World War II, New York-based S&P said today.
The United States shed 598,000 jobs in January and the unemployment rate rose to 7.6% from 7.2%.
In her first public speech since becoming chairman of the SEC, Mary Schapiro said risk-based oversight of broker-dealers and advisers needs to be strengthened.
Wachovia Securities reached a settlement with the SEC in which it agreed to pay investors more than $7 billion to buy back failed auction rate securities.
Pimco today launched a global bond mutual fund, the Pimco Global Advantage Strategy Bond Fund (PSAIX).
New claims for jobless benefits rose to a 26-year high last week, signaling that the U.S. economy remains stuck in a deep recession.
