Finra orders the firm to pay about $2.9 million to two investors in Puerto Rico closed-end municipal bond funds. Total claims top $1.1 billion.
The comment period for the rule, which was introduced in December, closed on Monday.
<i>Breakfast with Benjamin</i> The Fed says the markets are too obsessed with too much information.
If the Labor Department has its way, say goodbye to the variable annuity industry as we know it. </br><b><i>(Related: <a href="http://www.investmentnews.com/section/specialreport/20160221/ANNUITY22016" target="_blank">Spotlight on Annuity Strategies special report</a>)</b></i>
Offerings meant to help counter a trend toward passive index strategies.
Security Benefit, Allianz and New York Life all debuted new fixed annuity products in March that seek to benefit investors in a rising-rate environment.
The insurer allegedly made false representations to investors over the strength of its long-term-care business.
An interactive list of all the funds to be honored, across all years of return and categories
<i>Breakfast with Benjamin</i> A couple of Vanguard and Fidelity mutual funds raise questions about when it is time to close a fund to new investors.
Brazil, Russia, India and China were singled out as the investment theme of the new century, but they've fallen like bricks the past five years.
Even with its gains and long life, most investors have been lukewarm toward the stock market.
A new frontier for ETFs?
Annuity and life insurance products would likely see better contract guarantees long-term.
Exchange-traded funds have achieved a new feat, producing dozens of funds that are riskier than the most volatile individual stocks in the Standard and Poor's 500 stock index.
The Securities and Exchange Commission will be looking at ETF sales strategies, trading practices and disclosures, as well as suitability and sales supervision of variable annuities.
The firm has amassed four times the amount of assets held by either Betterment or Wealthfront and more than twice as much as Schwab.
Case highlights vulnerability of advisers when they don't use up-to-date methods to project costs.
Blackstone Alternative Multi-Manager Fund's assets have fallen to $631 million from $1.2 billion.
Their features require careful explanation, but today's fixed indexed annuities can offer upside for clients.
