Robert R. Carter is stepping down as president of NFP Insurance Services Inc., according the SEC filings.
The push for actively managed exchange traded funds, the Holy Grail of the ETF industry, is intensifying.
Exchange traded funds are one of the fastest-growing investment vehicles, but until now, they have been passive investments.
The Dow Jones lost more than 300 points after the insurer reported dismal quarterly results.
Investors have seized two Bear Sterns hedge funds, in hopes that they will gain a chance to meet the company in court, according to the Financial Times.
MBIA is bracing for more write-downs and Ambac has been given more time to justify its triple-A rating from Moody’s.
West Virginia today passed legislation to prevent the settlement of stranger-oriented life insurance policies.
There were 50 fewer launches in 2007 as compared to 2006 for the first year-to-year fall since the millenium.
The firm is the first provider to receive exemptive relief from the SEC for actively managed ETFs in registration.
Ted Mathas has been named the firm’s chief executive officer-elect and will succeed Sy Sternberg.
The firm an application with the SEC for exemptive relief for a series of actively managed, target-date exchange traded funds.
The rule would cover passive and actively managed ETFs — at least those that promise to divulge their holdings.
Only 36% of respondents in a survey knew that Medicare eligibility begins at age 65.
They now face up to 230 years each in prison and fines of up to $46 million, according to the Department of Justice.
There is value to annuitization through a single premium immediate annuity, said insurance industry experts.
Regulators and participants are strengthening market discipline but oversight is still needed, the report says.
The Financial Industry Regulatory Authority Inc. is drawing the ire of some brokerage firms by partnering with the AARP — a group that some in the industry see as a competitor.
The process could come to a favorable conclusion for the bond insurer early this week.
At a time when recession fears are rattling the stock market, some financial advisers are looking to trees for growth.
