A drop in energy stocks dragged the market lower Thursday following a government report that consumers and businesses cut back on their use of oil and gas.
The federal deficit hit a record for October as the new budget year began where the old one ended: with the government awash in red ink.
The John Hancock Financial Network has released a succession-planning platform for its financial representatives.
Three South Carolina men accused of bilking investors out of millions made anyone with ties to law enforcement or attorneys leave their seminars, and threatened investors with $1 million in fines if they told anyone about the massive returns they were making, a former bookkeeper testified Tuesday.
Investors should take a cautious approach to the equity markets at this point in the stock market rally, according to Tim Knepp, chief investment officer of Genworth Financial Asset Management.
Stocks are rising in early trading as investors anticipate interest rates will remain low for some time.
Life insurers are still strong in the wake of the financial crisis, insurance experts said yesterday at a life settlement industry conference.
National Planning Corp., <a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=basicchart&djoProjId=10815> one of the ten largest independent broker-dealers </a>, has reached a $3.9 million settlement with Massachusetts to reimburse a set of elderly investors in the state who lost money from investments that an NPC adviser allegedly described as safe.
The Securities and Exchange Commission would be required to issue rules prohibiting or limiting mandatory arbitration clauses in securities contracts under draft legislation introduced this week by Senate Banking Committee Chairman Christopher Dodd, D-Conn.
A key state insurance figure has called upon the life settlements industry to keep Main Street policyholders in mind — or else.
John Hancock Funds LLC is looking to double the size of its sales team targeting registered investment advisers to 12, according to Keith Hartstein, the company's president and CEO.
New York Life Insurance Co. has revamped its sales team to make it easier for its wholesalers to sell an array of products to advisers — including annuities, mutual funds and guaranteed income products.
Measures that would significantly boost funding for the Securities and Exchange Commission as well as give shareholders a say on executive pay are included in draft financial overhaul legislation in the Senate, a person familiar with the matter said Monday.
Google searches for “Roth 2010 conversion” have increased dramatically in recent months, indicating that investors are desperate for information on the upcoming rule change.
Investors cooled their buying of stocks and commodities, pausing from a surge that's carried major stock indexes to their highest levels in more than a year.
The latest data showing unemployment now at its highest level in 26 years translates into a challenge for stock pickers over the next several years, according to Ann Miletti, who manages more than $2 billion for the Wells Fargo Funds Management Group.
Wealthy investors know that tax increases are in their future.
Broadridge Financial Solutions Inc., the brokerage services firm spun off by Automatic Data Processing Inc., is selling its securities clearing business to Penson Worldwide Inc. and its Penson Financial Services Inc. subsidiary.
