The co-founder of Axa Rosenberg Group agreed to pay $2.5 million and be barred from the securities industry for life for failing to tell investors that there was an error in the computer code of the investment model he developed and the firm used to manage client assets.
Industry observers think the Securities and Exchange Commission will have to backtrack on a proposal to increase the number of people regulated as municipal advisers
Tommy Lee Jones is Ameriprise Financial's new pitchman in ads that take a more conservative tone
Compensation for compliance experts has been stagnant over the past few years, but that situation should be improving soon, largely thanks to the Dodd-Frank Act.
The Dodd-Frank Act's new incentive program, which rewards tipsters with as much as 30% of penalties collected, has been operating on an interim basis since the law was enacted last year.
Rep. Spencer Bachus, chairman of the House Financial Services Committee, wants to overhaul the SEC and delay the fiduciary rule.
Not-so-binding arbitration? Two months after Raymond James Financial Services Inc. was ordered to pay $1.7 million as a result of an arbitration decision over suitability, the broker-dealer and the client are arguing in court.
Powershares fund out-running 500 Index fund; training his sights on bonds next
The Securities and Exchange Commission filed charges today against unregistered Long Island investment adviser Corey Ribotsky for allegedly lying about the performance of his investment strategies and stealing more than $1 million from one of the hedge funds he managed.
Galliard Capital Management Inc.'s stable-value funds, designed to preserve principal in tumultuous times, drew more than four times the usual inflows in August as market volatility increased, said managing partner John Caswell
Financial advisers who go beyond what is typical in terms of helping with college planning are finding that clients reward them later with assets
Transition of management at Legg Mason's flagship fund may worry some investors; 'you can't come in and be someone else'
In season of giving, Franklin's Perks says cash-rich businesses are giving back to shareholders
Investment adviser division aims to triple current assets under administration; targeting RIAs with $100M-plus in assets
Souring market conditions may leave rival brokerages out of the running in sale of Regions' unit
Ed May sentenced to 16 years; scheme lasted 10, cost investors nearly $50M
Large-cap index broke through crucial 1,120 support level Monday; next floor down, 1,010
Fund firm aims for consistency in peddling life cycle funds; passive management means lower costs
Claim employer put retirement assets in proprietary funds that incurred $20M in excess costs
Redemptions at American Funds is on the rise -- for the fourth straight year. And in August, its standard-bearer Growth Fund of America finally lost its place as the largest mutual fund in the U.S. To stem the tide, the fund firm is actively reaching out to advisers. | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&Dato=20110927&Kategori=FREE&Lopenr=927009999&Ref=PH>The fund firms advisers are most loyal to</a>
