Suit filed by shareholder over statements made in firm's fund prospectuses could cause 'flood tide of additional securities litigation,' critics claim
On her way out the door, the top White House economist dismissed the notion that American corporations are sitting on nearly $2 trillion of cash because they're wary of how major new laws — and some policies currently under consideration — will affect their businesses.
Another small broker-dealer has been shut down, with this one owing $1.2 million in damages and legal fees imposed on it in a recent arbitration decision.
The Charles Schwab Corp. and Charles Goldman have agreed to meet with a private mediator next month to discuss the former executive vice president's demand for $736,000 in severance pay following his dismissal in 2008 as head of the firm's RIA business.
The state will deposit $100 in a 529 account for any baby born after July 1, to encourage families to start saving for college.
The suit is one of several arising between Edwards and its successor firms and Stifel as a number of Edwards brokers deserted ship in the wake of the 2007 takeover of Edwards by Wachovia Securities LLC.
Finra arbitrators have ordered a securities analyst who claims he was wrongfully fired by Rodman & Renshaw LLC in 2006 for attempting to lower a stock rating to pay the broker-dealer $10.7 million in damages.
Scott Rothstein, the former South Florida lawyer serving 50 years in prison for a $1.2 billion Ponzi scheme, was ordered by a judge to pay his victims $363 million.
While those of us who are mired deep in the minutia of the recruiting wars feel that the environment is as hot as ever, the trade press reporters who have called me have been asking why the movement has slowed. What's going on?
Texas financier R. Allen Stanford's attorneys said Tuesday that jail has reduced their client to a "wreck of a man" who is severely depressed, forgets conversations, can no longer see out of one eye and believes he is "losing his mind."
This may sound strange coming from someone in the information business, but I am worried that we are overdosing on information.
FTC Capital Markets agrees to consent order in case involving Citgo; boss said to be at large
Hartstein believes final rule will be dramatically different than current plan; will it be scrapped?
Steve Jones and Seth Gunderson have formed Tenacity Investment Group in Longmont, Colo.
In the wake of news about a spike in new applications for unemployment benefits comes another potentially troubling sign: A record number of workers made hardship withdrawals from their retirement accounts in the second quarter.
Inability to meet Finra's net- capital requirements will force more small and independent broker- dealers to shut down this year.
The N.Y. attorney general sues Ivy Asset Management, claiming the firm misled customers about investments tied to Bernard Madoff
Wealthy pocket savings, research finds; stock market biggest factor in affluent's spending habits
Analysts question whether planned cost savings will be offset by proposed cap on mutal fund fees
In an apparent first for the retirement industry, John Hancock Retirement Plan Services is now offering 401(k) participants a choice between target date funds that plan for investments “to” retirement and “through” retirement.
