The former head of a Hailey, Idaho-based hedge fund was indicted on criminal charges that he carried out a fraudulent scheme that bilked investors out of $88 million, the U.S. Attorney's office said yesterday.
KPMG LLP endured another blow in its tax shelter case this week, when a federal judge in Texas ruled that tax shelters based on fake bank loans are not legitimate tax write-offs, according to the New York Times.
The Pending Home Sales Index, which measures signed sales contracts, increased 4.9% in December.
Putnam Investments today announced that it is being acquired by Great-West Lifeco Inc., a subsidiary of Power Financial Corp. in Montreal, for $3.9 billion.
Three executives of National Planning Corp., Sean Haley, Bryan Jacobsen and Austin Moon, have received promotions.
From direct lending to asset-based finance to commercial real estate debt.
New York Attorney General Eliot L. Spitzer isn't just getting scandal-plagued mutual fund companies to cry uncle. He is going for their wallets, too.
There's an old saying that a lawyer who represents himself has a fool for a client.
A bipartisan group of senators has offered compromise legislation that would require publicly traded companies to include in expense statements stock options for their top employees.
Concerned that the public - and even some financial planners - are clueless about its practice standards, the Certified Financial Planner Board of Standards Inc. in Denver is on a mission to spread the word.
The Internal Revenue Service is already helping taxpayers use a new tax law providing income exclusions for death benefit payments and certain home sales.
Mutual funds that use hedging strategies are finding their way into variable-annuity subaccounts - a move some expect will snowball in the coming year.
Some of Wall Street's most powerful firms, reeling from steep drops in stock-trading profits, are urging regulators to help them make more money.
It is one of those rare moments in Leon Wagner's 26 years on Wall Street. Virtually every investment he has made recently has gone up - a lot.
