The stock market's rally has reawakened the initial public offerings market, with five IPOs being launched yesterday and at least three more scheduled for this week.
About 270 registered reps and advisers are scrambling for a new broker-dealer to park their licenses after being notified just yesterday that their firm — Colonial Brokerage Inc. — will be shut down in November, according to sources both inside and outside of Colonial.
The nation's economic recovery has just begun and "we still have work to do," a senior Treasury official told Congress on Thursday, the strongest signal yet that the administration is prepared to extend its $700 billion bank bailout fund.
Regulators and legislators clashed with members of the life settlements industry at a congressional hearing today that focused on the risks and merits of life settlements securitization.
A CEO of one of the independent brokerage shops told me a story the other day.
The Virginia College Savings Plan, the nation's largest Section 529 plan with over $23 billion in assets, will offer a fixed-income investment option nationally on BB&T Corp.'s online platform, beginning later this year.
A former broker at Prudential Securities Inc. charged with fraudulently trading mutual funds for millions of dollars in commissions has been sentenced to two months in a halfway house.
Obama wants to establish a Consumer Financial Protection Agency that would regulate credit cards and mortgages and require that banks offer customers low-risk, standardized products.
Retirees and pre-retirees remain skeptical about the likelihood of recovering their portfolio losses, and they are keeping financial advisers at arms' length, according to an informal survey.
Progress on health care reform will finally come this year, though it will be made at the expense of other regulatory- and legislative-reform initiatives, two former political party bosses said yesterday at an insurance industry gathering.
A North Carolina insurance agent and former registered representative was arrested yesterday and faces embezzlement charges for allegedly duping a 90-year-old woman into signing away her annuities.
A financial adviser from northwest Arkansas said he's seeking the Republican nomination to challenge Democratic U.S. Sen. Blanche Lincoln, joining an increasingly crowded field of GOP hopefuls.
With the U.S. economy on the mend, the Federal Reserve on Wednesday said it is slowing the pace of a program to lower mortgage rates and prop up the housing market.
Stocks rose in morning trading Tuesday as commodities rebounded ahead of the Federal Reserve's meeting on interest rates.
President Barack Obama, squeezing in a pitch for his domestic agenda, is promoting his administration's promises of innovation at a New York community college before weeklong meetings on international priorities.
