The Securities and Exchange Commission's adoption last week of new customer disclosure rules was overshadowed by the agency's plan to revamp mutual fund sales charges, but it will have a more immediate impact on investment advisers.
The Securities and Exchange Commission's proposal this week to revamp 12(b)-1 fees is likely to leave investors with less choice in how they purchase funds, according to Dale Brown, president of the Financial Services Institute Inc.
Ask Mohamed El-Erian about the very real financial problems threatening the developed world, and you get a surprising response.
Backers of the Dodd-Frank bill, which will be voted on this week, say the measure will prevent another financial crisis while protecting the assets of the American public.<br> Said public isn't buying.
Dividend yields are starting to make sin stocks difficult to ignore, according to Jeff Middleswart, manager of the Vice Fund Ticker:(VICEX).
Nearly two-thirds of those surveyed said they believe the economy will improve but are more worried than they were at the beginning of the financial meltdown.
In yet another shakeup at the company, Scott Dell'Orfano adds relationship management to his duties, while Ron Fiske takes on the clearing unit.
Laura Cronin, enterprise transformation officer and former CFO at Fidelity Investments, is departing. That makes three bigs who will leave the firm this year.
Recruited from Charles Schwab Corp., Mr. Goldman will be leaving Fidelity after just one year.
Ex-Wachovia employee sold banking product that didn't exist, pocketed the money, bought zebras, helicopter; sentenced to seven years in jail
Netschi bilked clients out of $80M; Wall Street banker who lost $4M now waiting tables
The actor's adviser, Lisa Detanna, was named one of the 'Top 100 Women Financial Advisors' by Barron's. She's also been named in several arbitration cases and lawsuits.
Steven Salutric allegedly stole from his clients and gave to his church; barred 'from association with any investment adviser'
Agency claims investment adviser pitched funds as 'immensely' diversifed; turns out they weren't, agency alleges
For more than two decades, scammer Kenneth Wayne McLeod gave seminars and managed money for U.S. law enforcement officials. Finally, the law caught up with him.
Tax consultancy's specialty—helping those swindled in investment frauds may have been a tad too specialized: Chapter 7 filing shows less than a dozen clients
SEC says Sandra Venetis targeted retirees in long-running fraud; allegedly used money for trips, gambling
Shapiro to cop to $880M fraud; used illegal gains to, among other things, purchase floor seats at Miama Heat games
Legg Mason Inc. named Tom Hirschmann to head of its institutional unit in the U.S., replacing Kim Mustin, who is leaving the asset-management firm.
A survey of Tiger 21 members offers an intriguing glimpse into what millionaires do with their millions
