An Indian man has pleaded guilty to participating in a scheme to access online brokerage accounts to jack up stock prices and reap thousands of dollars in illegal profits.
U.K. goverment-controlled Royal Bank of Scotland on Friday said it will sell some of its asset management businesses to Aberdeen Asset Management PLC for 84.7 million pounds ($135 million).
While brokers who provide advice will likely be held to a fiduciary standard this year, a battle is raging on Capitol Hill over what that standard would look like and how it would work.
Although the number of brokers who change jobs in 2010 won't approach the level seen during the financial crisis, expect this to be a good year for broker recruiting.
Allianz Life Insurance Company of North America is pulling its stand-alone long-term-care insurance product off the shelves, effective Friday, according to an announcement the company made internally and to its distribution partners.
A former Alabama municipal bond dealer whose failed challenge to a pay-to-play rule set a legal precedent, was sentenced today to four years and four months in prison on corruption charges.
Like the public's trust and confidence in Wall Street, faith in the Securities and Exchange Commission was shattered as a result of the 2008 financial meltdown.
The stock market is falling as Federal Reserve Chairman Ben Bernanke details plans for dismantling the central bank's economic support measures.
Federal Reserve Chairman Ben Bernanke began Wednesday to outline the central bank's strategy for reeling in stimulus money once the U.S. economic recovery is more firmly rooted.
Federal Reserve Chairman Ben Bernanke expressed concerns Wednesday about the economic recovery during a ceremonial swearing-in for another four-year term.
The Great Recession may have left many wealthy families market-shy, but Bessemer Trust, the largest family office, is acting aggressively on behalf of clients.
Fee income from annuity sales climbed at bank holding companies during the first three quarters of 2009, according to data from Michael White Associates LLC.
Kentucky state rep – and head of national group of legislators – introduces bill that would preserve right to resell benefits
Up? Down? Flat? Rarely have economists and analysts so disagreed over the future of the stock market.
Adviser satisfaction with independent broker-dealers will be ranked separately for the first time by J.D. Power and Associates, the company said today, as it launched its annual survey of adviser satisfaction with their brokerage firms.
Many corporate executives uphold a fiduciary management standard, putting shareholders and their employees — and the long-term health of the company itself — ahead of their own interests.
Nationwide Life Insurance Co. has reached a $2.1 million settlement with five state insurance regulators over nine-year-old claims involving allegedly unsuitable variable annuity sales. The five states are California, Kansas, Minnesota, Missouri and Wisconsin.
Nearly every Wall Street worker is getting a bonus this year — despite public outrage over banker compensation.
