Advisers have mixed feelings about volatility dampener; 'really restrictive'
Western & Southern Financial Group Inc.'s decision to base its variable annuity investment options on exchange-traded funds is a positive for the insurer, allowing it to better manage market risk tied to the products, according to Moody's Investors Service
Finra claims that Lincoln Financial gave workers shared passwords for clients' accounts. All told, the regulator says more than 1 million records were viewed over a seven-year period.
Hundreds of financial advisers switched firms this year, many looking for opportunities to build equity in themselves and some exiting after mergers. Many were also lured by big bucks, according to recruiters and industry experts.
A lawyer for clients suing Securities America over Reg D offerings that went bust says parent Ameriprise has agreed to pay $27M to end the litigation.
Physicians are foot soldiers in states' battle to protect elderly from fraud
SEC claims that Provident Capital made false statements about its ability to cover its bond obligations
IRI report is pre-emptive strike against possible tax change
Judges back earlier decision dismissing litigation against SRO; plaintiff's claim regulator misled members about NASD/NYSE merger
Survey finds U.S. citizens still not overly interesting in stashing cash away
The portfolio manager says investors get squeamish when the during market drops, and often sell at big losses.
On Wednesday and Thursday of this week, Complex Managers at Morgan Stanley Smith Barney were told to participate in a conference call (the Wednesday call was repeated on Thursday) which was entitled: Compensation Communication Day Training. The slides, delivered by Human Resources, detailed how 2010 bonuses were being structured.
Spain is the “big elephant” in the European debt crisis because there may not be enough money to bail out the Iberian nation, said Nouriel Roubini, the New York University professor who predicted the global financial crisis.
Nouriel Roubini, the New York University economist who predicted the global financial crisis, said U.S. growth will be “well below” 1% in the third quarter and put the odds of a renewed recession at 40%.
But U.S. Attorney Preet Bharara says civil cases easier to win; 36 wins in 20 months for U.S. attorney
On Wednesday, Finra accused David Lerner Associates of selling an unsuitable investment -- shares of Apple REIT -- to unsophisticated and elderly clients. Sales of Apple REIT comprised 60% of the brokerage's business since 1996, the regulator added. In a statement, the firm said it expects 'to be completely vindicated.'
Wells Fargo wagon slow in getting info to clients, regulator claims; brokerage settles charges for $1M
The Securities and Exchange Commission continues to crack down on Reg D offerings. This go-round, the regulator issued a cease-and-desist order to Capital Financial over the firm's alleged lack of due diligence on a series of privately issued notes.
Finra claims Pinnacle Partners is continuing to mislead potential investors about oil and gas private placements – even though the firm has already been hit with a cease-and-desist order.
Kenneth Marsh pleads guilty to fraud; supposed global operation actually run out of strip mall in Staten Island, prosecutors say
