A federal judge in Florida has refused to dismiss charges of illegal document shredding against two former employees of disgraced financier Allen Stanford.
Most of the easy money has already been made in this market rally, making 2010 a “stock-picker's market” that requires more investing skill and analysis, says Adriana Posada, manager of the $6.8 billion American Beacon Large Cap Value Fund (AVASX) from American Beacon Advisors Inc.
Fitch Ratings on Monday raised its outlook on Prudential Financial Inc., citing improvements to the insurance and investment company's capital position.
Socially conscious fund generates strong returns by applying negative and positive screens
Investors shouldn't expect returns and profits ever to get back to the levels of a few years ago, Bill Gross, managing director and co-chief investment officer at Pacific Investment Management Co. LLC, told attendees of InvestmentNews' Virtual ETF Insights online conference this morning.
The suspension of 2009 required-minimum distributions from retirement plans and IRAs was enacted as part of the Worker, Retiree and Employer Recovery Act of 2008, which was signed into law Dec. 23.
The SEC has fined independent broker-dealer Woodbury Financial Services Inc. of Woodbury, Minn., $65,000 for a variety of violations of Regulation S-P, which prohibits disclosure of non-public personal information about clients to non-affiliated third parties, such as other broker-dealers.
The college savings market will more than double in the next five years, but Section 529 plans still have much further to go to gain a meaningful share of the market, according to a study released today by Financial Research Corp.
The stock market traded mixed after reports on factory orders and housing gave mixed signals about the economy.
Stock investors are expected to slow their pace of buying following a big rally on the first trading day of the new year.
Lord Abbett & Co. is offering discounts to clients who open an individual retirement account by April 15.
At October 31, 2009, over 59% of Fund net assets were invested in the common stocks of extremely well-financed companies located in East Asia. Forty-three percent of such investments were in eight real estate and private equity companies headquartered in Hong Kong, all also having major presences in mainland China.
A new regulation that would have placed more responsibility on life insurers for producers' bad annuity sales has been delayed.
FundQuest has added Fidelity Investments Life Insurance Co.'s Personal Retirement Annuity to its platform, marking the first time that the Fidelity variable annuity will be available to fee-based advisers through a managed-account provider.
A Southern New Jersey securities broker who operated a $1.8 million investment fraud scheme has been sentenced to more than eight years in prison.
The broker-dealer channel is in the cross hairs of Sun Life Financial Inc. as the company aims to bolster its ranks of variable-annuity wholesalers and reach out to broker-dealers as a new channel for life insurance sales.
Third quarter indexed annuity sales were up 11.3% from a year ago, but down from record sales levels in the second quarter of 2009.
With Bank of America Corp. CEO Ken Lewis retiring in less than seven weeks, analysts don't see any candidate emerging as a front-runner for his successor.
Although Aviva USA Corp. already has an established strength in its lineup of indexed products, the insurer has its eye on the next innovation: a guarantee wrapper with a managed account or 401(k), according to chief executive Christopher J. Littlefield.
