The SEC alleges that the firm violated Regulation S-P while it recruited registered representatives.
In the newly created position, Mr. Lee will be responsible for expanding the investment bank's business in Taiwan.
The claim centers on investments in Collateralized Mortgage Obligations, or CMOs.
New York Life Insurance Co. has named Steven Lash as senior vice president of the corporate finance department and Richard Witterschein as the company’s new first vice president and treasurer of the department.
Regulators continue to leave independent- contractor broker-dealers in the lurch over the tricky issue of how brokers can use clients’ private information when moving accounts to a new firm.
In the race to show the highest-producing sales forces, brokerage firms may be goosing the numbers.
Inflation appears to be contained, but that hasn’t stopped inflation-protected-bond funds from outperforming.
NEW YORK — Despite the strides gay couples have made to have their relationships recognized by the courts, estate planning remains more complicated for them.
NEW YORK — Gulf Coast financial advisers are standing on higher ground two years after Hurricane Katrina devastated that region.
NEW YORK — After completing an overhaul of its top management late last year, Bear Stearns’ clearing and custody unit continues to hire new executives — some of whom are being recruited from top rivals.
CHICAGO — While income annuities are the most cost-effective way to provide income at retirement, investors are reluctant to purchase them, according to a new study.
NEW YORK — Target date funds should take a liability-driven investing approach, protecting them from the bumps and grinds of equity markets, officials at Pacific Investment Management Co. contend.
NEW YORK — A company that specializes in the sale of restricted securities and other illiquid positions has formed a group to help owners of minority stakes in small to midsize companies sell their shares in private transactions.
The jolts that TD Ameritrade Holding Corp. experienced during 18 months of integration following the 2006 merger of TD Waterhouse Group Inc. and Ameritrade Holding Corp. have not dulled its appetite for more deals, according to chairman and chief executive Joe Moglia.
Workers know they have to save for retirement, but they’re lost without financial planning, a study found.
Two insurance associations want the NGA to support legislation creating an optional federal charter for insurance regulation.
Money managers are finding a bevy of opportunities in the subprime-mortgage fallout.
The variable annuity has a withdrawal base that will grow at least 7% annually during its first 10 years.
CHICAGO — Younger workers are ahead of other generations when it comes to saving for retirement, but advisers still tend to prefer older and wealthier clients.
NEW YORK — A group of seven investment banks may get stuck with the tab for this year’s biggest leveraged buyout.
