Finra has barred a registered representative after finding that the Virginia rep had misrepresented the return a client would receive on a deferred annuity.
This week, we will be covering two critical areas for reaching your goals for 2010 and beyond. The first is retaining your top clients. The second critical area is to start outlining your business plan for 2010
Though adults know it would be disastrous to lose their income due to a disability, it seems only a minority of them actually insure against that risk.
OppenheimerFunds Inc. said Thursday it will pay $20 million to settle a lawsuit the state of Oregon filed over the company's management of its 529 college savings program.
Having taken over as chief executive of American International Group Inc.'s Domestic Life and Retirement Services, Jay S. Wintrob has assured employees in a letter that SunAmerica and VALIC products will be back on distributors' shelves.
Cincinnati Financial Corp. said Monday that Robert C. Schiff, a company founder who retired from the property and casualty insurer's board in 2004, has died. He was 86.
Despite an improving economy, losses and investment risks continue to loom ahead for life insurers' investment portfolios, according to a report from ratings firm A.M. Best Co. Inc.
Massachusetts regulators allege two Newton financial advisers and their company connected to a Framingham man's alleged Ponzi scheme have been operating as unregistered brokers.
Abu Dhabi's main sovereign wealth fund, which is alleging fraud over its $7.5 billion investment in Citigroup Inc., vowed to fight for its "legal rights."
A Los Angeles man has pleaded not guilty to running a Ponzi scheme that cheated about 50 investors in a NASCAR merchandise wholesale business out of at least $10 million.
Even as they fight a rule that would treat indexed annuities as securities, many insurers are pre-paring their agents to become registered representatives, should the rule become law.
People who knew how to make a quick buck held some of the fastest-growing jobs two years ago. Now, the growth industry is in helping financial firms figure out how to follow the rules.
Citigroup Inc. on Monday named Willem Buiter, a London-based economics professor and author, as its new chief economist.
New arbitrations filed with Finra surged in 2009 to 7,137 cases, up from 4,982 cases in 2008, according to statistics recently released by Finra. That's a 43% gain.
The upset election of Scott Brown to the U.S. Senate seat from Massachusetts will have a more modest impact on financial services regulatory-reform legislation than on health care reform. But the stunning result in Massachusetts will give Republican members of the Senate Banking Committee a stronger hand in shaping financial reform.
Thomas Weisel Partners Group Inc., the San Francisco-based investment bank, faces a regulatory probe over the sale of $15.7 million in auction-rate securities as the market neared collapse.
The FDIC seized another four banks late last week, bringing the year's tally to 41. And there's plenty more where that came from
“Headline risk” associated with municipal bonds went up today when the U.S. Census Bureau released data that state government tax collections totaled $715.2 billion in fiscal year 2009. That's a decrease of nearly $67 billion (8.6%) from fiscal 2008.
