Officials at the Securities Investor Protection Corp. are adamant that the agency should not have to cover victims of the R. Allen Stanford's alleged $7 billion Ponzi scheme. The SEC thinks otherwise. This should be one dilly of a court battle.
Charles Schwab has sued Bank of America Corp., Citigroup Inc. and other banks. The reason? The brokerage claims they conspired to depress Libor rates by understating their borrowing costs. That, in turn, lowered the interest rates on short-term paper that Schwab mutual funds bought from the banks, the suit alleges.
Kravitz took funds out of clients' accounts, put the cash in his own account; sentenced to 41 months in jail
iShares S&P National AMT-Free Bond Fund records largest loss since 2008; 'extremely overvalued'
Regulators plan to ask investment advisers to provide data about the costs and benefits of the financial advice business, as the SEC continues on its path towards devising a uniform standard of care for advisers.
Gold is up roughly 13% since the beginning of the year and a number of bullion bulls - <a href="http://www.investmentnews.com/article/20120220/FREE/120229998">including John Paulson</a> - are becoming more vocal about the prospects of gold prices going forward.
Supplies piling up as warm winter weather lessens demand; 'a situation that has never been seen before'
Investors say Arthur Laffer's association with Ponzi scheme cost them
In recent weeks, since <i>InvestmentNews</i> announced the launch of our <a href=http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20111215/FREE/111219955>Next Generation</a> initiative, I have had a number of conversations about internships and how different types of advisory firms and brokerages actually use interns.
Wealthy investors will shift more money into commodities, real estate and direct investments in private companies, a survey has found.
Advisers need to fight the temptation to cut the fees they charge their clients.
A federal court decision in Pennsylvania has notched a win for life settlement investors.
Financial advisers who cut their commissions when the market went sour shot themselves in the foot, according to a new study from PriceMetrix.
R. Allen Stanford, the indicted financier, dropped a lawsuit that accused attorneys with the U.S. Justice Department and Securities and Exchange Commission of “abusive” law enforcement.
