An attorney for Matthew Hutcheson, a well-known fiduciary advocate who is being investigated by the Labor Department for alleged abuses in handling his clients' retirement funds, is asserting that his client has done nothing wrong and that the money is safe
DOL said to be investigating claims Hutcheson stole money from plan sponsors; he trumpeted fiduciary standard to Congress
“There have been hundreds of money fund bailouts, where the funds would have broken the buck if the manager hadn't stepped in,” said Robert E. Plaze, deputy director of the Securities and Exchange Commission's Division of Investment Management
Smith claims bank's only concern is making money off customers; 'makes me ill'
NBA hall-of-famer David Robinson scores $15M From Texas Teacher's pension fund
Police claims James Scott McKee stole $584K from three investor; Finra alleges rep deceived clients for more than five years
Stock price now above $500; 'still inexpensive'
Mutual fund holds 5.2% interest in social networking company; also has large stake in LinkedIn
Not every ballplayer can cash in like Prince Fielder, but at least arbitrators were there to backstop ex-Red Sox catcher Doug Mirabelli, awarding the knuckleball specialist $1.2 million in a suitability case involving Merrill Lynch.
My parents were married for 56 years, so when my dad passed away in 2006, it was no surprise that my mom suddenly found herself lost and alone.
NASAA today said advisers have until April 30 to sign up for a coordinated review program offered by state regulators.
Judge says claimant knew $3.1M salary offer was in error; 'eyes wide open'
New data shows that nearly one out of every three high net-worth filers were audited by the IRS in 2011 -- and that percentage could go up this year.
Some companies would benefit, but others would take a hit to earnings
Bob Mulholland, who was head of the wealth-management adviser group, was named head of wealth management and investment solutions
Even though roughly 3,000 investment advisers set to switch their registration from the SEC to the states by this summer, the commission's oversight burden will still be heavy. Limited resource means the regulator must conduct exams more efficiently, which translates to zeroing in on riskier practices.
