A jury in Houston found R. Allen Stanford guilty of 13 counts of fraud related to the sale of bogus certificate of deposits. The financier faces up to 20 years in jail for each count.
Investors in Alabama's prepaid college plan are a step closer to an agreement with the state that would cap the amount those students receive at an amount less than the full tuition they were promised when they signed up for the contracts.
Firm joins the likes of LPL Financial, Commonwealth and Royal Alliance
New government data shows child-rearing an expensive proposition; pressure an added cost
Axa aims to offer VA policyholders a hike in account value if they agree to cancel a generous death benefit. If the plan works, expect other insurers to follow suit. Says one industry watcher: 'The floodgates will open.'
Europe's debt crisis, 8% unemployment and a decisive GOP recall victory in Wisconsin paint a bleak picture for President Obama's re-election bid.
Hamburger thinks other options — the SEC, a new regulator — not viable; 'bad blood'
New data shows that the difference in pay at wirehouses and independent firms has narrowed dramatically in recent years. This should be big news for advisers contemplating going indie.
Finds problematic numerous exemptions for various groups of investment advisers
Survey reveals disturbing lack of knowledge about college savings plan; 529 Day a bid to change that
N.Y. replaces Columbia Management with J.P. Morgan Asset Management for adviser-sold plan; Vanguard cuts charges
Advisers will be able to open college savings accounts for clients; single accounting for all investments seen as a plus
The worst of the European financial crisis could soon be over, said Art Steinmetz, cio at OppenheimerFunds Inc. But that could mean that things will have to get worse before they can get better.
The switch to Roth IRAs could yield an extraordinary payoff for workers at quantitative-trading specialist Renaissance, while the U.S. Treasury loses.
Hatch joined Smith Barney in 1992; big promotion a year ago
