Earlier this month, Puerto Rico sold $3.5 billion in bonds but since the sale, some of the bonds have changed hands at less than the minimum amount for some investors. Finra is taking a look.
Fund company says while there's “room for improvement,” commonwealth "moving in the right direction."
<i>Breakfast with Benjamin:</i> Backing off the big bounce. Plus: Bill Gross confesses, Bank of America pays for cheesy marketing tactics, investing in wind energy and an urgent reminder to change those passwords
<i>Breakfast with Benjamin:</i> One IPO hoping investors have a short memory. Plus: Bracing for weaker earnings, here comes Fed meeting minutes, bond market opportunities, shoving investors toward behavioral finance and refusing LinkedIn requests.
<i>Breakfast with Benjamin:</i> Bank ETFs ride the choppy waves of Yellen-speak. Plus: Still waiting for Treasury yields to spike, new love for intermediate-term bond funds, hot stocks ahead of earnings reports, and even gold bugs are starting to worry about the precious metal's decline
Advisers are ratcheting up their scrutiny of Pimco in the wake of a critical report from Morningstar. While few are pulling assets from the bond fund giant, the possibility is rising. <i>(One big fund shop, however, has <a href="http://www.investmentnews.com/article/20140320/FREE/140329987" target="_blank">replaced Pimco</a> as manager of a large fund.)</i>
After a rip-roaring 2013 and an early chill in 2014, stocks are either on the cusp of a correction or poised for further gains. Bonds, meanwhile, still face rising rates at some point, with tapering in full swing. What's an investor to do?
Scrutiny is welcome as muni bonds have long been a choice vehicle for tax-free income.
UBS Puerto Rico closed-end muni bond fund investors are losing billions; new research pegs losses at $1.66 billion over the first nine months of 2013.
If the commonwealth defaults, it will cause a shock to the system.
The woes stemming from UBS AG's unit in Puerto Rico over the sale of local, closed-end municipal bond funds have landed squarely in the lap of UBS brokers and financial advisers in the island commonwealth.
A unit of UBS AG has offered to repurchase shares of moribund, closed-end municipal bond funds invested in Puerto Rico muni securities from a select number of clients, according to plaintiff's attorneys. Bruce Kelly reports.
Consultants, insitutional clients watch closely as firm deals with alleged Gross-El-Erian feud.
Longtime Wall Streeter James Cahill's firm trains ex-military members for finance jobs.
<i>Breakfast with Benjamin:</i> How the Russia situation could hit the economy. Plus: JPMorgan abandons its commodities business, Morningstar's deep dive into the Pimco mess, expect the expected from Yellen today, retirees give Boomers the playbook, and, big surprise, short-sellers badmouth stocks.
Finra freezes new arbitration cases in Puerto Rico as a flood of claims sends the regulator scrambling to find more arbitrators. Bruce Kelly has the story.
<i>Breakfast with Benjamin:</i>Stocks continue to rally after Putin weighs in while one Fed official hopes for a quicker taper. Also: Obama's budget met with groans, the Comcast-Time Warner deal isn't done yet, Credit Suisse expanding in Asia and Facebook's drone dreams
The yellow metal is back in the spotlight, but strategists say that despite Ukraine tension, a long-term comeback is not in the cards. <i> Plus: <a href="http://www.investmentnews.com/article/20140303/FREE/140309988" target="_blank">Ukraine worries sink stocks</a>.</i>
Analysts agree it should stick to its brand as a bond shop, but advisers open to new products.
The fund giant is offering clients a new way to prosper in uncertain debt markets.
