Elderly heiress loses bid to stop daughter from challenging $1.4B in gifts to younger man
Nevin Shapiro, the former owner of Capitol Investments USA Inc., was indicted for allegedly leading an $880 million Ponzi scheme keyed to a bogus wholesale grocery distribution business, the U.S. Justice Department said.
Members of Congress want to quash a tax break that favors fund managers. Guess what fund managers think of the plan?
Advisers in Massachusetts whose personally indentifiable information was accidentally released by a state regulator likely have little recourse, experts say.
The SEC, Finra and four states have charged Morgan Keegan with fraudulently overvaluing several bond funds in 2007. Apparently, that hasn't moved accountant PwC to revisit its audit of the funds
U.S. prosecutors unsealed an indictment formally charging 11 alleged members of a long-term, deep-cover Russian spy ring – one that officials said includes a former financial planner who worked for an advisory and tax firm in New York.
The financial reform bill, which now looks likely to pass the Senate, directs the Securities and Exchange Commission to conduct a long list of detailed studies.
Whether they earn the league minimum or a superstar's salary, football players have to know the basics of handling money to succeed financially.
In signing off last Friday on the most sweeping overhaul of financial regulation since the Great Depression, congressional negotiators took a major step toward empowering the SEC to decide whether stockbrokers should be more accountable to individual investors.
House and Senate negotiators agreed to include the stronger House provision on fiduciary duty in the sweeping financial regulatory reform bill. <a href=http://www.investmentnews.com/article/20100625/FREE/100629931><b>(Get the rundown on the full reform, and how advisers and planners will be impacted.)</b></a>
In 2009, only 59% of the millionaires said they had regained trust in their financial advisers, while 56% said they had the same feelings about their wealth management firms and financial institutions.
Joseph Fortuna, Timothy Prete and Salvatore Tartaglione have left UBS for MSSB in Hartford, Conn.
U.S. regulators are poised to restrict investment advisers from giving money to politicians to win pension business in response to abuses in an industry that oversees $2.4 trillion of public retirement funds.
A slate of challengers for three small-firm seats on the Financial Industry Regulatory Authority Inc. board have gathered enough support to seek a spot on the ballot for the upcoming board election.
Finra-backed candidates who represent large and midsize firms are running unopposed so far in the regulator's upcoming board election, but a battle is brewing for three open small-firm seats.
A former SEC attorney who spearheaded the investigation of Pequot Capital Management Inc. — until he was fired in 2005 — says his own continuing efforts drove the Securities and Exchange Commission to pursue the hedge fund and its founder Arthur Samberg for insider trading.
A series of nasty legal fights involving Jesup & Lamont Inc., Penson and Finra may be coming to a head.
Shares of home health providers sank Wednesday as an investigation into the industry's Medicare reimbursement practices expanded.
Overturning state law, New York's highest court this month ruled that estates and beneficiaries can sue estate-planning attorneys for malpractice.
