New York Life Insurance Co. was the top seller of fixed annuities during the second quarter, with $1.74 billion in sales, according to Beacon Re-search Publications Inc.
As it attempts to crack down on 12(b)-1 fees, the Securities and Exchange Commission is ignoring a raft of mutual fund charges that investors are paying indirectly, critics contend.
Things are getting ugly in Venezuela, with President Hugo Chavez vowing to crush the country's brokerage industry following a big drop in the value of the bolivar
Nouriel Roubini, the New York University professor who forecast the U.S. recession more than a year before it began, said sovereign debt from the U.S. to Japan and Greece will lead to higher inflation or government defaults.
Traders, storage facility owners betting on turnaround in the first half of the year
The ex-hedgie who predicted the mortgage collapse sees green in green acres. High tech, gold looks good to him as well.
Economist Nouriel Roubini says there's no chance for a swift economic turnaround. In fact, he says a recovery, if it happens, will actually feel like a recession. Given that scenario, Dr. Doom thinks the U.S. greenback may be a better bet than gold.
Reports began circulating on Aug. 27 that Manulife — John Hancock Financial Services Inc.'s parent company — was gearing up to buy Lincoln National Corp.
Key gauge shows employers plumped up payrolls in August, surprising analysts; recession talk 'probably misplaced'
For the forseeable future there will be no easy way to build a retirement nest egg, meaning investment advisers and their clients will have to work harder and use a wider range of tools to accomplish the task.
The firm named both Ray Schuville and George Jenckes private client advisers and Josh Glazer private client manager.
Congressional attempts to eradicate conflicts of interest from the Wall Street credit agencies' business model are headed in the right direction, to the benefit of all investors.
Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy.
The Hartford Financial Services Group Inc. is disbanding its distribution arm, Hartford Life Distributors, and decentralizing its wholesalers to four recently established business units.
It is usually very quiet in Washington in August. But over at the SEC, the late-summer calm has given way to a din as lobbyists battle over the standard of care for investors.
United Equity Securities LLC filed with the Financial Industry Regulatory Authority Inc. on Aug. 12 to terminate its status as a broker-dealer.
As required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Securities and Exchange Commission has begun a six-month study of the regulation of brokers under the fair-dealing standard and advisers under the fiduciary standard.
The securities industry is worried that if the SEC imposes a fiduciary standard on retail brokers, they may lose their ability to sell initial public offerings to individual investors.
Selling private placements has turned into a disaster for some independent broker-dealers.
