A weak report on housing starts made investors nervous that the economy will be slower to recover even as profits at many companies exceed expectations.
Based on a draft amendment of the Investors Protection Act that was distributed today by the House Financial Services Committee to select members of the financial services industry, the duty of care applied to both brokers and financial advisers would be at least as high as the standards that the SEC applies to investment advisers.
Fears abound about the potential for change in the regulatory and compliance arena.
Efforts by money management executives to revamp their firms' compensation policies are being complicated as a revival of optimism this year has outpaced the rebound in profits, according to a report released Oct. 19 by New York-based executive recruiting giant Russell Reynolds Associates.
Over the past year, we have heard from advisers that the economy has not only hit clients hard; it has also affected their children who have recently graduated from college.
After getting worrisome signs about consumers from bankers' earnings reports, investors will be looking at a broad range of companies this week for further insights into the outlook for the economy.
Three men are accused of running a Ponzi scheme that scammed more than $14 million from hundreds of Haitian-American investors in South Florida and New Jersey.
Barring some major corporate-earnings disappointments over the next several days, there is reason to believe that investors will continue to reward companies for anything that looks like good news, according to Uri Landesman, head of global growth at ING Investment Management Americas.
There is no Big Deal for you right now at a Big Firm. Time to get pragmatic.
Merger-and-acquisition volume among RIA firms continues to run at a record pace.
Members of Congress took to task John Hancock Life and Health Insurance Co. and the federal Office of Personnel Management in a hearing last week, blasting them for an unexpected rate hike in long-term-care insurance that would hit federal employees.
The U.S. stock market and economy are in much the same place now as they were in 1930.
The Financial Industry Regulatory Authority Inc. is warning investors to be on the lookout for scam e-mails that promise refunds of $1.5 million to auction rate security investors.
The industry effort to regulate financial planning as a profession has support from within, but it won't escape opposition from other sectors of the financial services community, several industry leaders said last week.
A federal jury in Minnesota ruled last week that Allianz Life Insurance Company of North America used deceptive materials to market its two-tiered equity-indexed annuities, but declined to assess damages against the company, saying that the plaintiffs suffered no harm.
Hollywood and the insurance industry continue to trade blows as celebrities attack companies' business practices.
Spurred by low interest rates and a White House proposal that would reduce the benefits of a popular estate-planning vehicle, financial advisers are encouraging wealthy clients to take advantage of that vehicle before it's too late.
Financial advisers who have sold certain types of retirement and other benefit plans to small businesses might soon face a wave of lawsuits unless Congress takes action.
One REIT sponsor attracting attention recently from independent broker-dealers is The Inland Real Estate Group of Companies Inc., which sponsors five publicly traded and non-traded REITs.
To deal with the “Roth revolution” that starts next year, advisers' best tool may be a crystal ball.
