Fiserv, Inc. has released version 5.6 of its Investment Management Solution. The solution is a soup-to-nuts trading platform that supports everything from account screening and portfolio validation to order generation and trade execution.
Advisers interested in the technology behind ultra-high-speed trading should take a look at a newly published white paper from exchange technology provider Cinnober.
In what could be a bit of a make-good to investors after missing some massive fraud cases in the last year, <a href="http://www.investmentnews.com/article/20090913/REG/309139986&ht=SEC " target=”_blank”> —namely Bernie Madoff's $65 billion Ponzi scheme — </a>, the Securities and Exchange Commission has launched its first-ever website devoted exclusively to helping educate investors.
A member of the House Financial Services Committee next week plans to propose an amendment to financial service legislation that would require that a study be done on the regulation and oversight of financial planning.
Matthew Weitzman, a former principal of AFW Asset Management Inc., was sentenced to 97 months in prison after he pleaded guilty last year to stealing from the firm's clients.
Fears abound about the potential for change in the regulatory and compliance arena.
Based on a draft amendment of the Investors Protection Act that was distributed today by the House Financial Services Committee to select members of the financial services industry, the duty of care applied to both brokers and financial advisers would be at least as high as the standards that the SEC applies to investment advisers.
Three men are accused of running a Ponzi scheme that scammed more than $14 million from hundreds of Haitian-American investors in South Florida and New Jersey.
There is no Big Deal for you right now at a Big Firm. Time to get pragmatic.
The industry effort to regulate financial planning as a profession has support from within, but it won't escape opposition from other sectors of the financial services community, several industry leaders said last week.
A federal jury in Minnesota ruled last week that Allianz Life Insurance Company of North America used deceptive materials to market its two-tiered equity-indexed annuities, but declined to assess damages against the company, saying that the plaintiffs suffered no harm.
Spurred by low interest rates and a White House proposal that would reduce the benefits of a popular estate-planning vehicle, financial advisers are encouraging wealthy clients to take advantage of that vehicle before it's too late.
Financial advisers who have sold certain types of retirement and other benefit plans to small businesses might soon face a wave of lawsuits unless Congress takes action.
One REIT sponsor attracting attention recently from independent broker-dealers is The Inland Real Estate Group of Companies Inc., which sponsors five publicly traded and non-traded REITs.
The mountain of paper advisers create when they sell an insurance policy or annuity contract is about to shrink.
To deal with the “Roth revolution” that starts next year, advisers' best tool may be a crystal ball.
Merrill Lynch & Co. Inc. is pursuing a legal strategy that could give it a leg up in collecting from brokers who owe the firm money on retention packages.
The SEC and the CFTC today proposed requiring advisers who recommend commodities to adhere to a fiduciary standard as part of a 20-point plan to improve regulation.
$224 million. It's a lot less than $16.7 billion but it could pack far more punch. That's the amount the financial industry spent in the first half of this year to lobby Congress to water down regulations aimed at preventing another financial meltdown. And more money is expected to be on the way.
After a year in which many investors lost substantial chunks of their wealth, mass affluent individuals are ditching their full-service brokers in favor of independent financial planners at a significant clip, according to a report released today.
