The Supreme Court's unanimous decision in Jones v. Harris may seem to be a setback for mutual fund shareholders who think that the fees charged by many fund companies are too high.
The investment advice regulation for 401(k) plans recently released by the Labor Department offers more than proposed guidelines for making advice available to retirement plan participants.
The cost of settling securities class actions increased by 35% last year, according to a report released last month by Cornerstone Research.
The demise of Ivy Asset Management apparently had been anticipated for some months by its employees.
Apparently, the securities cop is wondering if collective-investment-trusts could use a little more supervision
The renowned value investor offers his view on the current state of the equity markets
History shows that when the governments grow desperate to finance deficits, they get creative.
Fate of measures to extend tax breaks – such as tax-free contributions to IRAs – still unknown; 'difficult to give good advice'
Of those taxpayers who are getting money back, 30% said they intend to pay down debt, 28% say they will save or invest, and 26% anticipate spending their refund on food or utility bills.
Equity markets notched positive returns again last week, as the Dow Jones Industrial Average climbed 0.6% to 10,625, the S&P 500 Index advanced 1.0% to 1,150 and the Nasdaq Composite rose 1.8% to 2,368.
Last week was a strong one for risk assets, and for equities in particular, with the broad US averages entering positive territory for the first time since early January.
Despite some mixed data over the past couple of months, our view is that the global economic recovery remains on track, both in developed and emerging economies.
A federal judge has ordered the acquittal of two former employees of disgraced financier Allen Stanford on charges that they illegally shredded thousands of company documents. U.S. District Judge Richard W. Goldberg cited insufficient evidence Friday in Miami in the case against ex-Stanford employees Thomas Raffanello and Bruce Perraud. The judge's order came on the second day of jury deliberations. Raffanello and Perraud faced up to 50 years in prison if convicted of conspiracy, document destruction and other charges. Defense attorneys had argued that all records were backed up electronically. Raffanello was previously chief of Miami's Drug Enforcement Administration office. Stanford is awaiting trial in Houston.
The bank's first-quarter profit easily beat expectations, as trading gains helped offset consumer loan losses
Skip Massengill takes all your questions on building a successful retirement service practice.
Robert Rubin, a senior adviser to Citigroup Inc. at the time of its deep losses from subprime mortgages, and former CEO Charles Prince said they learned belatedly that Citi had $43 billion in high-risk securities on its books.
Advisers to popular bank retirement vehicles under scrutiny
Berkshire Hathaway was sued by an ex-manager of its RV biz. His claim? He was fired after blowing the whistle about 'millions of dollars' of fraud at the unit
The bill passed by the Senate last month that extends expiring tax breaks includes a provision affecting individual retirement accounts.
An eager crowd of about 700 bidders showed up at a North Salt Lake warehouse for a most unusual auction
