Montana Commissioner of Securities Monica Lindeen has announced a nearly $1 million settlement with a Seattle-based securities firm for a Ponzi scheme operated by one of its brokers.
In an apparent first for the retirement industry, John Hancock Retirement Plan Services is now offering 401(k) participants a choice between target date funds that plan for investments “to” retirement and “through” retirement.
Last weeks plunge in U.S. stocks triggered a technical indicator known as the Hindenburg Omen that may signal a more severe selloff, according to analysts who follow charts to predict market moves.
Wilmington Trust Corp. reported a wider-than-expected second-quarter loss of $116 million, or $1.33 a share, thanks largely to souring construction loans that continue to plague the regional bank.
New York Life Insurance Co. was the top seller of fixed annuities during the second quarter, with $1.74 billion, according to Beacon Research Publication Inc.
Investors face defaults on government bonds given the burden of aging populations and the difficulty of increasing tax revenue, according to a Morgan Stanley executive director.
Corporate-governance experts think that seven proposals designed to make Finra disclose more information and give members a say on executive compensation may never be implemented — even though 67% of Finra member firms that participated in the vote approved them.
JPMorgan Chase & Co. had a big third quarter, with profits spiking by 23% -- but it also appears to have had a successful quarter, and year, recruiting financial advisers.
One of the owners of the defunct oil and gas dealmaker Provident Royalties LLC has pleaded guilty to conspiring to defraud investors in a $485 million scheme that ensnared dozens of independent broker-dealers.
Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., said the U.S. should consider “full nationalization” of the mortgage- finance system.
A London-based provider of exchange-traded funds is planning to launch 18 commodities-based ETFs and a precious-metals basket ETF.
U.S. stocks retreated, with the Standard & Poor's 500 Index poised for the lowest close in a month, as jobless claims increased to the highest level since November and an index of Philadelphia-area manufacturing fell.
The industry-sponsored group that oversees stock brokers fined Merrill Lynch $500,000 Wednesday for failing to provide sales charge discounts to eligible customers on certain investments.
Bill Gross is realizing outsized gains by benefitting from the near record difference in yields between short- and longer-maturity bonds while preaching that investors should prepare for lower-than-average returns.
My colleagues in the business press lavish an extraordinary amount of space on the world's richest people,which is altogether fitting and proper, considering how much they can teach us about the important matters of life.
Susan Theder jumps from Pershing to hybrid firm owned by Lightyear Capital; will oversee marketing efforts
New rules will make it tougher for smaller financial-services companies to compete.
SWS Group, Inc., a Dallas-based broker-dealer and correspondent clearing firm, said its fiscal fourth-quarter net income fell 57% on impairment to the value of two large stock holdings, foreclosed property expenses at a banking unit and lower clearing and investment banking revenue.
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said Wall Street is like a church that benefits society, then falters by operating a gambling venture on the side.
