A recent round-table discussion sponsored by <i>InvestmentNews</i> demonstrated that there is still a wide divide between advisory and brokerage groups over establishing a uniform fiduciary standard.
Oklahoma State University's athletic fund and Lincoln National Life Insurance Co. are embroiled in a legal flap over a failed funding plan for charitable insurance.
Investors snapping up the 10%-plus annual coupons on recent reverse convertible notes may be playing with fire, according to experts familiar with the stock-linked structured products.
The Securities and Exchange Commission plans to inspect just 9% of the 11,000 investment advisory firms that it oversees — the same percentage of firms it expects to examine this year.
The international developed markets were muted during the fourth quarter with the Russell Developed Large Cap ex-North America Index up just 2.3%.
The fourth quarter of 2009 started out on shaky ground with the domestic equity indexes falling sharply in October.
As 2009 wound to a close, it was hard not to look back at the global financial markets just 12 months ago and realize how far and how quickly the recovery had come.
The U.S., and indeed most of the global economies, faces a transition period in 2010, one that must be carefully handled.
After a relatively sleepy start to the quarter, the taxable fixed income markets went on a quick rollercoaster ride for the final 60 days of the year.
Standard and Poor's today downgraded The Phoenix Cos Inc.'s counterparty credit rating to triple-C+ from B-.
The Independent Insurance Agents & Brokers of New York Inc. will proceed with legal action to try to stop a New York Insurance Department producer compensation regulation from taking effect, the DeWitt, N.Y.-based group announced Wednesday.
The city of Burlington, Vt., filed an arbitration claim against Morgan Stanley with the Financial Industry Regulatory Authority, alleging breaches of fiduciary duty and fraud by that company's investment consulting division that resulted in damages of more than $21 million for the $118 million Burlington Employees' Retirement System.
Finra's board of governors will review allegations that Securities and Exchange Commission Chairman Mary Schapiro — along with other senior Finra executives — received excessive compensation when she was chief executive of the self-regulatory organization for the brokerage industry.
