Complaint naming Jackie Wadsworth, CEO of IMS Securities, centers around sale of VAs and real estate securities.
Estimates of saving $1,000 per employee per year for practices with at least 25 workers is enticing some firms to take on additional risk.
At least 80.1% of the shares in the unit, Brighthouse Financial Inc., will be distributed to MetLife investors under the plan.
The yield on the bellwether 10-year Treasury note has jumped from 1.37% in early July to 1.70 Thursday.
The deal creates a global active management complex with $320 billion under management.
The German bank's riskiest bonds also declined after a media report said the German government wouldn't step in to back the lender, fueling investor concerns about its weakened finances.
First post-merger mutual fund already filed.
Unless, of course, you want to beat the S&P 500 over the long term.
Industry trade group, as well as some mutual fund giants, push back against Financial Stability Board's proposal for stress tests.
Expanded distribution, consolidation and some lower fees expected.
Plus: Claims of a better robo platform, a bright spot in a dim economic recovery, and health insurance won't be less expensive this year or next
A new paper claims that a lot of the gains reaped by the legendary managers over time were, in theory, available to anyone using a handful of buy-and-sell signals.
Some brokerages know what their new annuity commissions will be in response to the regulation. Why are they staying quiet? <b><i>(More: <a href="http://www.investmentnews.com/section/fiduciary-faq" target="_blank">The top FAQs on the DOL fiduciary rule</a>)</i></b>
Peter Kohli, the CEO of DMS Advisors, allegedly stole money from investors as the funds neared collapse.
Online brokerage said to attract interest from rival TD Ameritrade.
Long bull market, big outflows from active funds are the main culprits.
Plus: BlackRock applies more low-fee pressure, the fallout from the falling pound, and don't work where you don't belong
Robertson also says he won't vote for Trump and will pick the Libertarian party instead.
The acquisition will expand the firm's ability to sell financial products through Jefferson National's network of 4,000 RIAs.
