The Securities and Exchange Commission would have explicit power to bar people associated with investment advisory firms for violating securities law under legislation unanimously approved yesterday by the House of Representatives.
A precipitous drop in energy prices, the presidential conventions and the government bailouts of Fannie Mae and Freddie Mac have helped consumer confidence rise dramatically this month.
Former AIG chairman and chief executive Maurice Greenberg and other former executives at the insurer will have to cough up $115 million as part of a settlement in a derivatives lawsuit with the Teachers’ Retirement System of Louisiana.
Former registered broker-dealer representatives Peter D. Kelly and Daniel K. Ivandjiiski, have been barred from the securities industry for insider trading by the Financial Industry Regulatory Authority.
The Financial Planning Association and the National Association for Fixed Annuities have leapt into the fray, submitting comments on the SEC’s proposed index annuity rule.
Handful of firms peddled equity swaps, stock loans to clients; 'IRS pussyfooted on this.'
Richard England, Jr., the team at Martin Capital Management, Marc Turner and Elizabeth Verterano were named Community Leadership Award winners last night at the second annual awards dinner sponsored by <i>InvestmentNews</i> and the Invest in Others Charitable Foundation Inc.
Efficient Market Advisors LLC of Del Mar, Calif., announced today the launch of the first 403(b) retirement program offering professionally managed portfolios of exchange traded funds.
According to the Congressional Budget Office, the fiscal-2008 budget deficit projection is $407 billion, compared with fiscal 2007’s $161 billion deficit.
