According to a lawsuit filed by The Hartford, three former senior execs of Woodbury Financial lifted confidential information just before they jumped ship.
Alternative investments, commercial mortgages, junk bonds all on the menu
While other insurers sell off their indie broker-dealer units, AIG is buying. Indeed, Tuesday's acquisition of Woodbury Financial looks to be the first in what could be a string of deals.
Announcement of a deal for the 1,600 reps and advisers is expected before indie B-D's national sales conference next month
Entrepreneurs need to be rewarded for taking risks, not shackled
Despite continued market volatility, it appears as though the independent investment advisory world has finally turned the corner and moved beyond the worst of the recession that followed the “mortgage meltdown.”
Although President Obama's appointment of Elisse Walter as chairman of the SEC will provide a degree of continuity at the agency, it also raises questions about how effective it will be for the near future.
The head of MetLife's broker-dealer operations has parted ways with the insurer. So far, the carrier's management has offered no explanation for the departure.
When she takes over the SEC this month, Elisse Walter will both celebrate the crowning achievement of her regulatory career and confront her biggest political headache.
Claiming spousal benefits often leads to larger check than expected
Over the last few months, several large companies, let by auto giants Ford and GM, announced plans to spin off their traditional pension plans by transferring their liabilities to an insurance company or offering lump-sum payouts to retirees and certain former workers. Verizon was the latest corporation to hop on the de-risking bandwagon, prompting calls from a leading pension advocacy group to halt such actions until Congress can review the impact on workers and retirees
