Wanted: Hedge fund pros to police hedge fund pros
The SEC aims to add more enforcement agents and examiners to its hedge fund speciality unit. With 700 hedge shops closing in 2009, there should be shortage of applicants.
SocGen probing private banking account in Singapore
The French bank says it's conducting an internal audit after uncovering 'anomalies' in the account. Clients have been notified.
Advisers’ biggest mistake: Not running the business like a business
Christopher Van Slyke's firm was growing at a rapid clip. His approach to managing the bustling operation, however, lagged far behind
PFS reps stand to pick up stock awards from Primerica IPO
Five millions shares allotted to workers, including officers and sales force leaders
Top court’s decision could trigger flood of mutual fund lawsuits
The high-court's move in a key case could trigger flood of mutual fund lawsuits
SIPC warns of web scam targeting Madoff victims
Look-alike site claims to have recovered $1.3B stash from a 'Madoff' hideout in Malaysia. It's also offering burned investors a chance to apply for some of that cash.
California vs Greece? No contest, say bond buyers
Both sovereigns are facing economic woes. Both are facing huge budget gaps. But only one is facing runaway borrowing costs
Bank failures rising: Eight states sinking
The FDIC seized another four banks late last week, bringing the year's tally to 41. And there's plenty more where that came from -- especially in these states.
FDIC playing dangerous game of kick the can with problem banks, critic says
The FDIC labels more than 700 U.S. banks as 'problems'. Nearly 10% could fail. Meanwhile, one analysts claims regulators are hoping the economic turnaround will bail out the bad banks. It better.
Insurers target new channels to help boost VA sales
Insurance companies are scoping out new distribution channels for variable annuities. Managed-money programs and 401(k) plans top the list of targets.
Advisers prep antidotes for tax hike
Investor concern over the cost of health care reform is likely to manifest itself in a flood of questions to financial advisers about how best to protect assets from an expected hike in taxes.
The 2010 Lipper Awards: This year’s winners
T. Rowe Price Group Inc. took the award for the best large mutual fund group, and RidgeWorth Capital Management Inc. won best small fund group last night at the Lipper Fund Awards, which took place at The Plaza Hotel in New York.
$2.1B Oppenheimer bond team jumps to TCP
Jerry Thunelius takes four of his fixed-income-unit members with him; were they operating in Pimco's shadow?
Dodd bill sails through banking committee
Republican members failed to set off any fireworks. Bankers, on the other hand, were quick to torch the bill.
Health bill’s tax toll: What will it mean for the rich?
With the passage of the health care bill, investors will see the tax rate on long-term capital gains jump to 23.8%, raising questions for investors looking to protect their assets
Dodd wants research analyst conflicts addressed
After the sell-side analyst scandal in 2003, the SEC negotiated a settlement with i-banks to rein in tainted research. Now, the Senator Banking Committee chair wants to reexamine that deal
Obama’s health care reform complicates cap gains picture
The debate over whether to take capital gains this year heated up yesterday when the House passed health care reform legislation.
How Obama’s health care bill would effect tax on investment income
High-income families would be hit with a tax increase on wages and a new levy on investments under President Barack Obama's health care overhaul bill.
Dodd’s revised bill a mixed bag for financial advisers
In: Investor Advocate office, ramped up protection for senior investors; Out: fiduciary standard for brokers who give advice
Dodd to offer his own financial regulation bill
The Senate Banking Committee Chairman says he's working with Republican Sen. Bob Corker of Tennessee to propose legislation.
