U.S. citizens and residents with UBS AG accounts are racing the clock to disclose their secret holdings to the Internal Revenue Service after the Swiss Parliament ratified an agreement to surrender the names of 4,450 bank clients, tax lawyers said.
Industry regulators have fined Goldman Sachs $650,000 for failing to disclose that two of its brokers, including the executive accused of leading the mortgage securities deal that brought civil fraud charges against the firm, were under investigation by the government.
Famed asset manager says only thing Fed head knows how do is print money; 'throwing petrol on the fire'
Breakaway brokers boosting business; market share now at 8.3% and rising
Gaps in the efficient markets theory create plenty of investing opportunities — even in some of the world's largest companies, according to David Rolfe, chief investment officer at Wedgewood Partners Inc., which has $775 million under management.
The biggest risk investors now face is becoming too conservative at a time when equities present a potential long-term advantage, according to new research from MFS Investment Management.
The next three weeks could set the tone for financial markets for the rest of the year
The S&P 500 could fall by as much as 8% over the next three weeks, followed by a 22% rally to close out the year, according to Uri Landesman, president of Platinum Partners LP, a $500 million hedge fund shop.
Slate of independent candidates from small firms elected; series of proxy proposals also approved
Brokers generally have no problem with improving disclosure, but they and other critics contend that the agency is neglecting to shine a light on other mutual fund expenses and practices that cost investors money.
Peter Santoro, head of institutional markets at Citadel Investment Group LLC's investment banking arm, has left the firm.
Equities are outperforming junk bonds by the most in a decade — but investors continue to pull assets out of equity mutual funds
Contrary to popular belief, markets thrive on a little confusion
Large caps keep on rolling, while bond rally loses steam; economy will surprise 'on the upside'
Morgan Stanley, owner of the world's largest brokerage, reported a third-quarter loss of 7 cents a share after writing down a stake in Revel Entertainment LLC, an Atlantic City casino project.
Billionaire investor Kenneth Fisher said monetary stimulus from the Federal Reserve is unnecessary and could cause the dollar to weaken and reduce demand for riskier assets such as U.S. stocks.
A little-known provision within the Dodd-Frank law gives the Securities and Exchange Commission the power to remove mandatory-arbitration language from client-broker agreements, which could expose broker-dealers to huge costs, according to observers
RBC Correspondent and Advisor Services yesterday announced the addition of four senior-level relationship managers whose jobs are to consult with RBC's broker-dealer correspondents and RIA firms at a strategic level.
