Like a road crew repairing potholes, analysts this week will be trying to measure the length and depth of the economic “soft patch” currently afflicting the U.S. economy.
AllianceBernstein Holding LP demonstrated enough progress in some businesses last year that the company plans to add advisers in 2010 and may buy smaller complementary firms, executives said late Thursday during an earnings conference call.
The Massachusetts Securities Division today filed a complaint against Securities America Inc., charging that the broker-dealer and subsidiary of Ameriprise Financial Inc. misled investors when it sold them private-placement securities.
Investors desperately looking for hope in the current choppy market may want to focus on the upcoming midterm elections.
If your client wants to convert his or her individual retirement account to a Roth IRA this year but doesn't have cash from non-IRA sources to pay the tax on the conversion, consider looking at his or her capital assets.
In his early 60s and at the doorstep of retirement, Robert Neiswanger was considering long-term-care insurance. He acknowledged that the coverage made sense, but he couldn't come to terms with paying for something he might never need.
Financial advisers to some private-equity funds fear that efforts to reduce systemic risk in the financial markets, a key theme of the massive reform bill signed into law last week, are unfairly targeting them.
Goldman Sachs & Co. has agreed to pay $550 million to settle civil fraud charges that accused the Wall Street giant of misleading buyers of mortgage-related investments.
With added charges, shrinking interest, putting mony in the bank can be a losing proposition; mattress starting to look good
Company's share price pummelled after sell-off by fund firms; 'fundamentals remain solid'
Affluent investors piling into master limited partnerships for pipelines, tankers; 'huge tax advantage'
Cost-cutting has buffed up companies in financial and tech sectors; 'tremendous operating leverage'
License for cabs in NYC up 347% over 20 years; average price now tops $800K
A recommendation by an SEC task force that life settlements be treated and regulated as securities has raised concerns that another turf battle may be brewing between state insurance regulators and federal securities cops.
The SEC wants to do what is in the best interests of investors. But if, in the end, we see them make rules that dilute the standard to appease Wall Street, we'll look back and see that the writing has been on the wall for a long time.
An insurance broker has admitted stealing $2.6 million that a New Jersey school district unknowingly paid for a nonexistent health care program.
A securities industry regulator investigating abuses in mortgage-linked investments has focused on the activities of Morgan Stanley, Barclays PLC and Credit Suisse Group AG, a person with direct knowledge of the matter said.
Penson Worldwide Inc., the parent of the second-biggest securities clearing firm, reported a net loss of $7.4 million in its second quarter, equivalent to a loss of 29 cents per share.
