Congress and the SEC could require ABS packagers to hold some asset-backed securities on their books. Wall Street is not thrilled by this idea.
The FDIC seized another pair of community banks over the weekend, making it 22 for the year. With 700 banks now on the agency's 'problem' list, last year's tally of 25 bank failures is sure to be surpassed.
Clyde Wyatt managed his father's money for about 18 months before he was abruptly dumped for another adviser: His own son Chris.
Central to Commonwealth's updated platform are householding and better tool integration
According to a new report, Washington Mutual provided the largest chunk of funding for the federal agency that oversaw the thrift. Yesterday, a Senate panel said that arrangement was less than ideal.
As the defined-contribution industry braces for new fee disclosure regulations, some corporate 401(k) plans — including Nestlé USA Inc. and United Parcel Service Inc. — are light-years ahead of the pack in providing participants with fee information.
Low interest rates and low contribution limits mean retirees can only count on health savings accounts to cover a portion of their health care costs
Financial advisers had hoped to begin this year with new momentum — the ability to swap clients out of existing annuities or insurance in exchange for long-term-care coverage — but broker-dealers have hit the brakes, citing problems with large amounts of paperwork to process the business, among other troubles.
A Framingham, Mass., man has been indicted on charges he ran a $29 million Ponzi scheme that cheated around 130 investors.
Finra wants member firms to be wary of brokers who produce consolidated statements for clients.
As big investment banks prepare to report first-quarter earnings this month, many analysts are lowering their forecasts in light of weaker-than-expected trading by investors in February and March.
Federal regulations and legislation that would make it easier for defined-contribution plans to include lifetime-income products are expected to be introduced next year.
Encouraging employers to offer annuities in pension plans will be one of the Labor Department's top regulatory goals in 2010.
The Labor and Treasury departments are discussing jointly submitting a request for comment from members of the retirement income industry to determine if there needs to be regulation of the market.
Some 41% of employees said they want more professional advice to help manager their 401(k) assets, but only 35% of employers currently offer retirement planning sessions
The cost of settling securities class actions increased by 35% last year, according to a report released last month by Cornerstone Research.
Unannounced exams of advisers — based on tips and complaints — are replacing pre-planned visits, says compliance big at securities regulator
The investment advice regulation for 401(k) plans recently released by the Labor Department offers more than proposed guidelines for making advice available to retirement plan participants.
Apparently, the securities cop is wondering if collective-investment-trusts could use a little more supervision
Fate of measures to extend tax breaks – such as tax-free contributions to IRAs – still unknown; 'difficult to give good advice'
