U.S. prosecutors in Virginia plan to step up pursuit of financial fraud cases, taking advantage of a court holding two years ago that their district has jurisdiction over crimes linked to federal securities filings
Firms will never admit that they lost somebody good or admit that they hired somebody bad.
Richard Ziegelasch and Wendy Holmes, who managed $258 million in client assets, are on the move to Credit Suisse
Rush “Rusty” Benton, who founded WealthTrust LLC in 1997 to buy majority stakes in independent wealth management firms, is stepping down as chief executive officer of the company and will assume the new role of chairman, he said Thursday.
Market volatility presents an opportunity to offset gains with losses. Is it worth the hassle? Experts say tax-loss harvesting can boost portfolio returns by as much as seven percentage points
An amendment floated last week by Sens. Arlen Specter, D-Pa., and Ted Kaufman, D-Del., that would impose criminal penalties on broker-dealers for violating fiduciary standards is giving the senators a way to vent frustration with Wall Street.
The massive stock sell off on Thursday may have been initially triggered by human error. But it appears that mechanized trading had a lot to do with the wild ride that followed. | <a href=http://www.investmentnews.com/selloff0506> Readers' rant: What's your take?</a>
Arlen Specter's call for criminal penalties is sure to draw fire from Republicans on the hill and lobbyists in the Senate reception room
State Street Global Advisors tabs former Goldman and Barclays executive to head its defined contribution business
Head of discount brokerage's custody arm says larger firms already talking up the virtues of the financial instruments; expand 'beyond asset allocation'
The former Maxim Group broker allegedly lied to Merrill about his book of business, then purportedly made off with a $780K inducement loan
Indicted financier R. Allen Stanford was sued by a unit of American Express Co. for $115,712.79 in back credit card debt.
Prosecutors say a broker lied about his business successes to trick Merrill Lynch into lending him $780,000. They also claim he spent the loot on a Ferrari sportscar and other niceties..
Some intriguing stock purchases of late from Berkshire's boss; 'ample cash'
Edward Brokaw, a former Deutsche Bank AG broker, was barred from the securities industry for manipulating the price of Monogram Biosciences stock in an effort to enrich a hedge-fund client, himself and his family, the Financial Industry Regulatory Authority said today.
Firms see biggest one-month loss since Lehman went bust, as bets aimed at minimizing losses didn't. The question now: What will June bring?
The carrier announced, however, that it will add 400 employees to an operation in Franklin, Tenn., just outside of Nashville.
Best-selling author claims lavish compensation rewarded bankers for the wrong things
Stocks continued to face high levels of volatility last week as a strong rebound in prices early on gave way to renewed weakness by week's end.
