Hedge funds had their worst month in a decade in September because of short selling restrictions, the liquidity crunch and stock volatility.
A program that allows seniors to make charitable contributions from their individual retirement accounts was extended to 2009.
The Securities and Exchange Commission today charged five brokers in the Los Angeles area with securities fraud.
All Schwab money market funds will participate in the temporary guaranty program for money funds announced by the Department of the Treasury on Sept. 19.
Confidence among wealthy investors fell to all-time lows last month as economic turmoil and market conditions had investors fretting, according to a report by Spectrem Group.
The broker-dealers in the AIG Advisor Group Inc. will be included as part of the massive asset sale that parent company American International Group Inc. could unveil as early as tomorrow, according to an investment banking source who asked not to be identified.
The proposed legislation would have specified the requirements to obtain a life settlement license, as well as disclosure requirements at the point of solicitation.
Delaware Management Holdings Inc. hired Fred Alger Management Inc. to manage part of its $900 million multimanager Optimum Large Cap Growth Fund (OILGX), beginning on Tuesday.
Gloom, doom, pain and much suffering are all in the forecast for at least the next five years, according to renowned market bear David Tice, founder and president of David W. Tice & Associates LLC in Denver.
As part of the agreement, Hilb Rogal shareholders could either choose to receive Willis common stock or a combination of stock and cash.
