The SEC suit against Goldman Sachs has some Wall Street execs rethinking the standard of care that's due less-savvy investors. But flogging a new framework for 'suitability' could be a tough sell.
Banks swarm the CFTC in a bid to to blunt new derivatives rules. One official described the campaign as 'unprecedented'
Few of September's star stocks look like bargains. But here are a few that do, according to John Dorfman, chairman of Thunderstorm Capital in Boston and a columnist for Bloomberg News.
Last week marked the fourth consecutive week in which stock markets posted gains, with the Dow Jones Industrial Average climbing 2.4% to 10,860, the S&P 500 Index advancing 2.1% to 1,149 and the Nasdaq Composite rising 2.8% to 2,381.
Last week the U.S. stock market rose for the fourth week in a row.
The market's negative sentiment toward the energy sector has created a strong buying opportunity in the natural-gas space, according to Harry Rady, manager of the Rady Contrarian Long/Short Fund.
Fidelity Investments' insurance unit has dropped the cost of its variable annuity by 10 basis points and has created a new fee level for larger accounts.
Corporate-governance experts believe that seven proposals designed to make Finra disclose more information and give members a say on executive compensation may never be implemented.
Broker-dealers who last week overwhelmingly approved a set of proxy proposals designed to make Finra more transparent now want to see the regulator take action.
For the last several months, the markets have been behaving as though the global economy were about to slip into a double-dip recession.
Retail investors should be able to rely on the financial guidance they receive, regardless of whether it's from an investment adviser or a broker, according to the SEC official leading the agency's study of fiduciary duty.
It looks like Finra isn't waiting for the Securities and Exchange Commission to figure out how high-frequency traders are affecting the market.
The Securities and Exchange Commission is examining the burgeoning business of financial advisers' selling model portfolios of exchange-traded funds.
Regulator eyes cozy relationship between asset managers and hedgies, PE execs; 'proactive approach'
The agency says some beneficiaries may mistakenly believe the accounts are insured by the U.S. government
U.S. life insurers, a group led by MetLife Inc. and Prudential Financial Inc., would be prohibited from retaining death benefits without specific consent of clients, under a proposal today by state legislators.
As of last week, the Market Climate for stocks was characterized by unfavorable valuations, generally favorable trend action, weak price-volume sponsorship, strongly overbought conditions, moderate but not yet over-bullish sentiment, and hostile economic pressures.
It is impossible to properly estimate long-term cash flows based on a single year of earnings, regardless of whether one uses actual net earnings or projected operating earnings.
The furor over retained-asset accounts doesn't appear to be letting up. The VA is investigating. The Secretary of Defense wants money returned to beneficiaries. And now, a source says NY AG Andrew Cuomo is widening his probe of the industry practice.
