RS Investments last week announced an agreement to acquire certain assets of Oak Value Capital Management Inc.
The proposal clarifies that the funds are insurance products that should be overseen by states rather than securities that should be regulated by the Securities and Exchange Commission.
Mr. Harkin's amendment would clarify that these funds are insurance products that should be overseen by states rather than the Securities and Exchange Commission.
The group, comprising 60 to 70 representatives from broker-dealers and insurance companies, hopes to hash out a uniform solution to comply with the rules.
Fitch slashes embattled energy company's senior unsecured debt rating six notches. Is non-investment grade the next stop?
Legg Mason Inc.'s Bill Miller said he is sticking with his bets on Goldman Sachs Group Inc. because the fallout from the fraud accusations against the bank will probably be limited.
Unicredit Group SPA will send out the pitch book next month for its Pioneer Global Asset Management SPA unit — with a breakup of the subsidiary likely, according to investment bankers familiar with the discussions.
Though it appears that regulatory oversight of equity-indexed annuities will remain with states — and not shift to the Securities and Exchange Commission — some insurers are nonetheless rolling out indexed-annuities that qualify as securities.
BP shares sunk Thursday in London as U.S. politicians pressed the British oil company to halt its dividend payments and fork out greater compensation for American workers and companies devastated by the massive Gulf of Mexico oil spill.
MMA Praxis Mutual Funds group is holding on to its holdings in BP PLC, despite the company's role in the recent oil spill in the Gulf of Mexico.
Drawn by tales of fast money in the land of iron condors, retail traders are swarming the futures market. But do they know what they're doing?
Understanding how to use options as a risk-management tool and as a generator of additional income can't hurt.
Move comes months after competitors Charles Schwab & Co. and Fidelity Investments separately eliminated commissions on certain ETFs
Many representatives and agents say the new requirements add to the already complex layers of review required by Finra.
Dreyfus Appreciation Fund Ticker:(DGAGX) ranks as an S&P five-star Domestic Equity mutual fund because of its relatively strong track record, its ownership of stocks that S&P Equity Research views on average to be undervalued and having financial strength, and S&P's view that DGAGX assumes less risk and incurs relatively low costs for its shareholders than its large-cap core peers.
Famed hedge fund manager claims country's budget austerity could trigger deflationary spiral in Europe
Stranger-originated annuity transactions have plenty of layers of oversight already, says ValMark Securities' Caleb Callahan
There's no single solution for dealing with such a diverse age group. But in this clip from Digital Adviser2Adviser, we look at three key points to discuss with clients -- including long-term care.
