The Massachusetts senator and Rep. Elijah Cummings have asked the insurance company's CEO for information on sales of term life insurance through Wells Fargo.
Regulator says new type of VA is highly complex and uses structured products — not mutual funds — in the sub account as the underlying investment.
New T shares would feature a uniform 2.5% front-end load and a 0.25% trailing 12-b(1) fee.
Largest award to date as investors seek to recoup funds lost investing in public projects on the Caribbean island.
Shareholders of United Development Funds, which hasn't filed financial reports for more than a year, are in a state of limbo, according to a plaintiff's attorney.
Regulation, performance and market forces have combined to curtail fundraising this year.
Jason Vanclef was also accused of promoting his business through a book he had written that the regulator said made false claims about alternative investments
Biotech, healthcare, banks and energy look to benefit.
Riding out the short term for the longer-term upside.
Pacific Investment Management Co. turns to outsider Manny Roman, who revived Man Group, the world's largest hedge fund.
The asset-side case for stocks is unambiguous, though most people think that bonds hedge human capital better than stocks.
All things Russian and Indian are popular, as are Brazilian corporate bonds and Mexico's cheap peso.
Value, currency and momentum favor the category.
The company, which manages money through Calamos Investments, reached an agreement to be acquired by two executives for $8.25 a share in cash.
Experiencing poor performance of late, the investment serves as a useful hedge against stock, bond downturns.
The funds seek to capitalize on the growing popularity of environmental, social and corporate governance investing, and help diversify in an increasingly competitive TDF market.
The emergence of several "exotic" indices within indexed annuity contracts have arguably made these products more complex than they need to be.
Bull run in bonds over after 10-year yields pierced 2.5%, market technician says
Plaintiffs allege wrongful termination after urging their employer, Prudential, to take action over seemingly fraudulent sales of life insurance policies by Wells Fargo's retail bank.
First Capital Real Estate Trust, formerly known as United Realty Capital Trust, has also missed filing financial statements with the SEC for more than a year and recently cut its dividend to investors.
