In what may be a first, a Native American tribe is buying a broker-dealer and money manager, with a plan to win business by using its status as a minority-owned firm to appeal to Native American investors.
Sen. Charles Schumer's plan to allow the Securities and Exchange Commission to keep the fines it levies is drawing fire for creating a possible conflict of interest for the agency.
Fidelity Investments, responding to The Charles Schwab Corp.'s June announcement of price reductions for independent advisers and their clients, is rolling out a competing program with a few extra twists.
The New York State Insurance Department is proposing a rule requiring more transparency about how the sellers of insurance products are compensated.
Two bills aimed at protecting seniors from financial fraud were introduced in the House today, winning praise from the North American Securities Administrators Association Inc.
M Financial Group is expanding its reach across the border and has added Caledonia Planning Group of Ontario, Canada, to its roster of advisory firms, the company announced yesterday.
The federal deficit surged higher into record territory in August, hitting $1.38 trillion with one month left in the budget year.
The week's dollar sell-off continued today, with the greenback hitting a fresh 12-month low.
U.S. businesses reduced inventories at the wholesale level for a record 11th consecutive month in July, although sales rose by the largest amount in more than a year, according to government data released today.
In my <a href= http://www.investmentnews.com/article/20090716/REG/907159988>last column</a>, I provided an analysis of the income guarantees from a life-only, immediate annuity versus the likelihood of running out of money if you kept your retirement savings invested in the markets. I received a lot of comments on that column, and I thought I'd respond to several of them.
The Labor Department says initial claims for unemployment insurance fell to a seasonally adjusted 550,000 from an upwardly revised 576,000 in the previous week. Analysts expected claims to drop to 560,000, according to Thomson Reuters.
The Hartford Financial Services Group Inc. yesterday formed Hartford Life Distributors, an entity that consolidates its distribution forces for 401(k) plans and individual products.
Responding to Charles Schwab Corp.'s June announcement of price reductions for independent advisers and their clients, Fidelity is rolling out a competing program with a few extra twists.
An estimated $800 billion in total client assets will be transferred across the investment advisory industry because of brokers and advisers' changing firms this year, according to a study from Cerulli Associates Inc.
Tighter regulation on investment banks will force firms to cut salaries, eliminate staff and reduce capital commitments to the business, according to research from JPMorgan Chase & Co.
In what may be a first, a tribe of Native Americans is buying a broker-dealer and money manager, with a plan to win business by using its status as a minority-owned firm to appeal to Native American investors.
Key players in Section 529 college savings programs, higher education and financial aid will meet on Sept. 16 in Washington to discuss issues affecting saving and paying for college.
A former New York Life Insurance Co. agent pleaded not guilty in a federal court in South Carolina yesterday following charges that he had swindled 35 investors out of more than $2 million over 13 years.
Gold prices rose above $1,000 an ounce Tuesday for the first time in seven months, mostly because of a weak dollar that's driving people to other investments they perceive as safe.
