The Securities and Exchange Commission's appointment of Eileen Rominger, an 11-year veteran of Goldman Sachs Asset Management, as its director of investment management marks the first time that the SEC has named an industry executive with no legal background to the position
In light of the extreme volatility in the municipal bond market, The Vanguard Group Inc. has withdrawn the documents it filed with the Securities and Exchange Commission to launch three muni bond index funds and three exchange-traded funds, as first reported on InvestmentNews.com.
Standard & Poor's foresees improving real gross domestic product (GDP) growth in 2011, and also foresees gains in the broader U.S. stock market following a 14% gain (as measured by the S&P 1500) in 2010.
First Trust Portfolios LP has filed with the Securities and Exchange Commission to launch nine international exchange-traded funds as part of its AlphaDex series.
A federal court judge in California has ruled against Conseco Life Insurance Co. in a class action, barring it from hitting some 50,000 policyholders with sky-high rate increases on life insurance policies.
Blackstone Group LP's Byron Wien, who called the bottom for U.S. stocks in 2010 while failing to predict the ensuing rally, said economic growth and 10-year Treasury yields will approach 5 percent this year and gold will surge above $1,600 an ounce.
The initial public offering market is alive and well, surging to its highest level since 2007, according to a report from Ernst & Young LP released today.
SEC subpoenas documents in Massachusetts; 'these products are top of mind'
Private placements require a higher level of scrutiny than listed securities, so advisers need to know who is doing the auditing and whether independent due diligence is being conducted. <i>InvestmentNews</i> News Editor Bruce Kelly explores some of the risks and issues engulfing the industry.
The recent wave of fear surrounding the municipal bond markets is overhyped, but the increased focus on the fiscal condition of state and local budgets is a good thing, according to Leslie Barbi, head of fixed income at RS Investments.
Should investors be spooked about the prospect of a muni market meltdown after Meredith Whitney's warning on 60 minutes last week?
The leader of one of the country's most politically influential business organizations in a speech today criticized what he called a “regulatory tsunami” in Washington that represents the “biggest single challenge to jobs … and the future of American enterprise.”
Bond king likens free-spending policy makers to female mantis, 'munching on the theoretical heads of future generations'
<i>The webcast “Forecast 2011,” was held Dec. 7 in New York. The transcript was edited to acknowledge passage of the Obama-GOP tax compromise. It was moderated by deputy editor Evan Cooper and senior editor Jeff Benjamin. </i>
Like other brokerage firms, The Charles Schwab Corp. is known to be self-protective about its discount brokerage customers. And like other firms, it has sued former brokers whom it suspects of violating prohibitions against soliciting clients.
The Charles Schwab Corp. has been hit with another lawsuit claiming that its Total Bond Market Fund, which was represented as tracking the Lehman Brothers U.S. Aggregate Bond Index, loaded up with mortgage-backed securities prior to the financial crisis.
