Preferred Apartment Communities Inc. is selling nontraded preferred shares to help fund its growth, giving brokers a 7% commission.
JBG Cos. to acquire New York REIT Inc., creating an $8.4B real estate company focused on New York and Washington-area properties. <b><i>(More: <a href="http://www.investmentnews.com/article/20160526/FREE/160529941/new-york-reit-shares-plunge-after-analysts-question-jbg-cos">New York REIT shares plunge after analysts question JBG Cos. acquisition</a>)</i></b>
The rise of passive asset management threatens to fundamentally undermine the entire system of capitalism, say analysts at research and brokerage firm Sanford C. Bernstein & Co.
New regulation was catalyst for broker-dealer to impose uniformity, says LPL Financial's Mark Casady.
Passive is leading now, but there is still hope for active management
The DoubleLine Shiller Enhanced CAPE fund had a net inflow of $117.07 million in July, its largest ever.
Plus: Jim Cramer's mad method, prime money funds shrink, and how to have fewer regrets when you retire
Nearly three years after he was thrown out of the securities industry, the adviser has filed another appeal.
The Labor Department's conflict-of-interest rule is upping plan sponsors' concern for their fiduciary duty.
Family benefits account for a much smaller percentage of Social Security outlays today than they did in the past.
ERISA attorneys say the judge's decision was a complete rebuke of classic arguments in excessive-fee suits, and could provide fodder for the defense in future trials.
Plus: The logic behind negative bond yields, Deutsche Bank and Commerzbank almost became one, and the odds are getting worse for Colin Kaepernick
One attorney called the lawsuit an "attack" on the investment-management structure within variable annuities.
The plaintiffs argued that the company provided a money market fund instead of a stable value fund and paid excessive record-keeping fees to Vanguard Group, among other wrongdoings.
Plus: Saving society through active management, hedge fund investors head for the hills, and eating healthier food that actually tastes like food
The wirehouse now joins a growing list of other financial-services companies sued for similar reasons.
