Exchange traded funds are one of the fastest-growing investment vehicles, but until now, they have been passive investments.
The Dow Jones lost more than 300 points after the insurer reported dismal quarterly results.
Investors have seized two Bear Sterns hedge funds, in hopes that they will gain a chance to meet the company in court, according to the Financial Times.
West Virginia today passed legislation to prevent the settlement of stranger-oriented life insurance policies.
MBIA is bracing for more write-downs and Ambac has been given more time to justify its triple-A rating from Moody’s.
The firm is the first provider to receive exemptive relief from the SEC for actively managed ETFs in registration.
There were 50 fewer launches in 2007 as compared to 2006 for the first year-to-year fall since the millenium.
The firm an application with the SEC for exemptive relief for a series of actively managed, target-date exchange traded funds.
The rule would cover passive and actively managed ETFs — at least those that promise to divulge their holdings.
Ted Mathas has been named the firm’s chief executive officer-elect and will succeed Sy Sternberg.
Only 36% of respondents in a survey knew that Medicare eligibility begins at age 65.
They now face up to 230 years each in prison and fines of up to $46 million, according to the Department of Justice.
There is value to annuitization through a single premium immediate annuity, said insurance industry experts.
Regulators and participants are strengthening market discipline but oversight is still needed, the report says.
The Financial Industry Regulatory Authority Inc. is drawing the ire of some brokerage firms by partnering with the AARP — a group that some in the industry see as a competitor.
The process could come to a favorable conclusion for the bond insurer early this week.
At a time when recession fears are rattling the stock market, some financial advisers are looking to trees for growth.
The Vanguard Group Inc. has slashed costs on five more exchange traded funds in its latest effort to play catch-up with Barclays Global Advisors.
Managed accounts aren't popular default options in 401(k) plans, because fees are too high for plan executives to justify, leaving them concerned about fulfilling their fiduciary responsibility, experts say.
Insurers are stepping up their wholesaler education efforts to help advisers prepare for tougher suitability rules involving the sale of variable annuities.
