The SEC will not bring an enforcement action against Amaranth Advisors following a three-year investigation, according to an Aug. 19 letter to Amaranth's attorney from Philip Koski, assistant regional director in the SEC's Boston office, which was obtained by P&I Daily.
Advisers notified clients about planned reduction in features, hike in fees
The indie B-D is bucking the trend with the launch of its expanded fee-based VA platform. A single fiduciary standard will likely improve the odds of success
Axa Equitable Life Insurance Co. has paired up with Wilshire Associates Inc. to give small and midsize retirement plans access to fiduciary services.
Residential real estate prices dropped in January by the most in more than a year, raising the risk that U.S. home sales will keep slowing
Eighteen of 20 major metropolitan areas saw residential property prices decline over the last year; 'builders just can't make a profit'
Purchase of ETF firm vaults Ameriprise unit into 'big player' in actively managed fund space.
As we discussed last month, futures-based ETFs may generate considerable tax-related confusion
As much of the world frantically adjusts to rising commodities prices, this might seem like a good time to jump into one of the many commodity-based exchange-traded funds introduced over the past several years
Absolute Return 500 aims to tamp down volatility
Despite billion of dollars in outflows, American Funds is the most popular fund group among independent broker-dealers, according to a survey conducted by <i>InvestmentNews</i>.
Bill Gross, manager of the world's biggest bond fund at Pacific Investment Management Co., said the larger-than-forecast gain in employment suggests the Federal Reserve's policy of quantitative easing is working.
It says a lot about 2010 that Pacific Investment Management Co. LLC ranked among the highest in sales in each of the three adviser distribution channels: wirehouses, regional and independent broker-dealers, and RIAs.
Say discount brokerage buying company on the cheap; three separate lawsuits filed
Hoping to strengthen its agent force, The Northwestern Mutual Life Insurance Co. has paired with Career Athletes LLC to recruit students as interns and agents
