ObamaCare means slow going for retirement reform
Legislators are still tied up with health care issues, leaving retirement initiatives to flounder. Tax proposals may be the exception
CFP Board hikes requirement for certification exam
The increase in class work on how to prepare and present financial plans is intended to bridge theory and practice
Rashomon? SEC, Cuomo offer vastly different takes on BofA firing
Bank of America fired its top lawyer in December 2008 before its fateful takeover of Merrill Lynch simply to make way for another executive, and not because he had given the company legal advice it didn't want to hear, the Securities and Exchange Commission has said in a court filing.
‘All-out panic’ on Wall Street as Dow plunges most since 1987
The Dow dropped the most in intraday trading since the market crash of 1987. Was it worries over Greece, or a simple trading mistake that triggered the chaos?
Hensler to replace Carey as Oppenheimer distribution chief: sources
Onetime DWS exec Philipp Hensler is said to have been on the short list for the job last summer before OppenheimerFunds settled on Carey.
A wee spot of bother
Despite getting smaller, Royal Bank of Scotland still has some very big problems. Bad loans and a shaky economy top the list. Turning a profit? That's still a ways off.
Advisers on the advisory biz: Full speed ahead this year
Following the tumult of 2009, advisers see better days ahead for their practices this year--with the majority of advisers now focused on growing their businesses again.
SEC votes to short-circuit short sales
The SEC voted today to zap short-sales. How? By reviving a Depression-era -- yes, Depression-era -- 'circuit-breaker' rule.
Didn’t see this one coming: Investment ‘psychic’ charged with fraud
'America's Prophet' and investment adviser Sean David Morton said he used psychic powers to predict the movement of the stock market. One move Morton probably didn't see coming: the government charged him with fraud.
Volatility got you down? Turn to option collars
To manage the latest bout of market volatility, consider an option collar strategy. Option-phobic advisers take heart: There is no need to embark on a wild ride or trade all day long.
ING’s insurance unit flops in the fourth quarter
ING Groep NV, one of Europe's largest banking and insurance groups, reduced its losses to €712 million ($980 million) for the fourth quarter on Wednesday, reflecting a mixed operating performance and a big charge related to an earlier bailout.
‘Incredibly inexpensive’ U.S. stocks cheapest since 1990
Earnings outpacing market sentiment, analysis shows. Says one investment strategist: 'The recovery is real, it's V-shaped and it's got legs.'
BNY Mellon’s Kelly pulled down $11.6M in ’09
Sizeable haul for the bank's CEO actually worked out to a 6% pay cut from the previous year
Is internal e-mail the smoking gun in Morgan Keegan case?
A 2007 memo from director of investments Gary Stringer questions the asset-backed bets in one of the firm's bond funds. 'Mr. & Mrs. Jones don't expect that kind of risk.'
Advisers’ fear factor spikes amid SEC social-media ‘sweep’
The SEC's request for documentation about how advisers use social networking sites has the advisory biz spooked. And despite the heightened attention, advisers still aren't certain about the guidelines governing the new media.What the SEC is requesting from advisers | Ten things every adviser should know about social medial
Northwestern Mutual mulls selling Russell Investments, sources say
Sources claim Northwestern Mutual -- 'the quiet company' -- is quietly discussing selling the asset manager. The insurer, however, says Russell is not for sale.
Two complex managers latest to leave MSSB
Pete Secret and Peter Ardolino join the growing list of complex managers who have exited the firm since its merger with Smith Barney
Once ‘America’s hottest investor,’ CMG’s Heebner on a cold streak
In May 2008, Ken Heebner was touted as 'America's hottest investor.' He's cooled off considerably since then. Can the CMG Focus Fund boss regain his touch?
Vanguard’s McNabb: Curb on derivatives could smack shareholders
Vanguard CEO McNabb warns against the regulation of futures. For McNLeverage is the real issue, he says
