A prominent Brooklyn rabbi was arrested Thursday in a scheme to extort a Connecticut-based hedge fund into paying millions of dollars to two schools, federal prosecutors said.
Trade associations representing the life insurance industry and agents last week applauded New York's passage of life settlement legislation.
A former financial adviser from Plymouth, Mass., has pleaded guilty in federal court to embezzling $4.3 million from his clients and using the money for personal expenses, including to make mortgage payments and pay his daughter's college tuition.
Securities and Exchange Commission investigators were trying to persuade supervisors to protect billionaire Mark Cuban's privacy when they internally e-mailed photos demonstrating his fame, the agency said.
Over the past year, at least six young couples have come to investment adviser Susan Spraker in desperate need of financial help.
Nearly half of surveyed business leaders now say the lousy economy won't improve until 2011 — at the earliest.
The Jones family is in need of financial advice in a major way. InvestmentNews wants to know how you would advise this made-up 30-somethings couple, the first case study of a four-part series on lifestage investing.
The American taxpayer bailed out New York City's banking elite. Now, the top securities firms are raking in supersized profits -- with bonuses to match.
Dow Jones & Co. is selling a 90 percent stake in its stock market index unit to exchange operator CME Group Inc. for $607.5 million, the companies announced Wednesday.
TD Ameritrade president Fred Tomczyk said today that the company will rely on its registered investment advisers to help achieve TD's goal of becoming a “premier asset gatherer.”
Citigroup Inc. said it is repaying $20 billion in bailout money it received from the Treasury Department, in a bid to reduce government influence over the banking giant.
Stock futures were trading in a narrow range Wednesday as investors avoided making big bets ahead of a key report on the service sector industry.
They are going to find out about it anyway, and they're better off hearing about it from you
Stocks are rising for a fourth day after debt-burdened Greece announced plans to trim spending.
A Federal judge refuses to vacate an award from June 2009 arbitration ruling.
Adviser Frank Congemi is running radio spots this week lambasting government officials and Wall Street firms for the financial crisis, which he calls the “largest economic crime in history.”
Financial advisers and service providers working with retirement plans are trying to avert the possibility of coming under greater regulation by an existing or new government agency.
Morgan Stanley CEO James Gorman has been put on the hot seat by the company's institutional investors over its compensation policies, according to a report in the Wall Street Journal.
The requirement that brokers who provide advice be regulated as registered investment advisers may be dropped from financial-reform legislation being considered by the Senate Banking Committee, according to consumer groups and state securities regulators.
