A prominent Brooklyn rabbi has been convicted in a scheme to extort a Connecticut-based hedge fund into paying millions of dollars to two schools.
Rebecca Parrett, who bilked Pimco and others out of $3 billion, had been on the lam since March 2009. Yesterday, she was arrested in a Mexican resort. Said a U.S. Marshal: 'For somebody who was on the run, it was pretty good.'
A former Bend police captain and his wife who have been under investigation by the FBI and IRS over their real estate dealings in Oregon and Indiana have been indicted on fraud charges.
A federal judge has upheld a $1.47 million arbitration award given last fall to former NBA star Horace Grant for losses he sustained on investments in failed Regions Morgan Keegan Select bond funds.
Traxis Partners LLC's Barton Biggs sold almost all his U.S. technology shares last week.
Legg Mason Inc.'s Bill Miller said the U.S. stock market, which has dropped 12 percent from its April high on concerns Europe's debt crisis may spread, will rise after the region's banks complete stress tests.
U.S. stocks could jump as much as 20 percent, led by technology companies, as the global economy rebounds from Europe's debt crisis, said Barton Biggs.
Morgan Keegan & Co. has been granted an administration hearing on allegations that its brokerage firm cost investors, including retirees, more than $2 billion in losses through fraudulent and reckless business practices.
Critics say plan to treat all life settlements as securities will shrink the industry – or worse; others say that's hooey
An SEC task force on Thursday recommended that life settlements be defined as 'securities,' thus making such transactions subject to federal securities laws.
It's been just over a year since Peter Kraus took over as CEO of AllianceBernstein LP.
AllianceBernstein Holding LP demonstrated enough progress in some businesses last year that the company plans to add advisers in 2010 and may buy smaller complementary firms, executives said late Thursday during an earnings conference call.
In his early 60s and at the doorstep of retirement, Robert Neiswanger was considering long-term-care insurance. He acknowledged that the coverage made sense, but he couldn't come to terms with paying for something he might never need.
Financial advisers to some private-equity funds fear that efforts to reduce systemic risk in the financial markets, a key theme of the massive reform bill signed into law last week, are unfairly targeting them.
A recommendation by an SEC task force that life settlements be treated and regulated as securities has raised concerns that another turf battle may be brewing between state insurance regulators and federal securities cops.
Invesco PowerShares Capital Management LLC today launched nine small-cap-sector exchange-traded funds, but that's going to be the last new offerings the firm rolls out for a while.
Janus Capital Group Inc. has introduced a value income fund using managers from both its internal fixed-income team and its Perkins Investment Management LLC subsidiary.
Laurent Saltiel, manager of Janus Capital Group Inc.'s $2.44 billion Worldwide Fund, will leave the firm at the end of May.
As a new crop of money managers and investment banks enters the hot market of exchange-traded funds, the challenge already has proved too much for some in a sector where scale is key.
While the market recovered in 2009, most asset managers did not, according to a report Tuesday from The Boston Consulting Group.
