Sen. Charles Schumer's plan to allow the Securities and Exchange Commission to keep the fines it levies is drawing fire for creating a possible conflict of interest for the agency.
Before deciding where to wine and dine your significant other, chances are you will take a gander at a restaurant review or two online.
To date, Tamarac Inc. has been known for its re-balancing and trade order generation platform, but that is about to change. The company is simultaneously making two announcements.
Tapping 401(k) retirement funds to meet expenses is a last resort for many investors, but the relentless economic downturn took its toll this year, as hardship withdrawals saw double-digit increases, according to record keepers.
The New York State Insurance Department is proposing a rule requiring more transparency about how the sellers of insurance products are compensated.
The Hartford Financial Services Group Inc. yesterday formed Hartford Life Distributors, an entity that consolidates its distribution forces for 401(k) plans and individual products.
In my <a href= http://www.investmentnews.com/article/20090716/REG/907159988>last column</a>, I provided an analysis of the income guarantees from a life-only, immediate annuity versus the likelihood of running out of money if you kept your retirement savings invested in the markets. I received a lot of comments on that column, and I thought I'd respond to several of them.
Version 8 of Junxure <a href="//www.investmentnews.com/apps/pbcs.dll/article?AID=/20080415/REG/147477097/1102/INTechnologyNews03"" target="”_blank”" rel="noopener noreferrer">customer relationship management</a> software and Junxure Mobile, a separate product that will provide advisers on-the-go access to their CRM database, are slated to be released soon.
An estimated $800 billion in total client assets will be transferred across the investment advisory industry because of brokers and advisers' changing firms this year, according to a study from Cerulli Associates Inc.
Tighter regulation on investment banks will force firms to cut salaries, eliminate staff and reduce capital commitments to the business, according to research from JPMorgan Chase & Co.
The recession has eaten into people's nest eggs so the government is promoting ways to make it easier to save for retirement.
The Dana-Farber Cancer Institute of Boston and the Massachusetts chapter of the Financial Planning Association are set to ramp up their groundbreaking free financial-planning coaching service for cancer patients this fall.
Schwab Institutional last week unveiled a significant redesign of its website for financial advisers.
The Financial Industry Regulatory Authority Inc. last week barred two brokers in separate actions, charging that they ran Ponzi schemes that victimized dozens of investors, including the elderly or mentally and physically disabled.
So much rides on the meaning of “fiduciary,” a word alien to the vast population and, at least until recently, to a good part of the financial world.
Securities and Exchange Commission Chairman Mary L. Schapiro last week issued an open letter to broker-dealer chief executives, warning them to make sure supervisors are vigilant about conflicts of interests as they recruit registered representatives.
An Alabama bank is suing University of Michigan football coach Rich Rodriguez for defaulting on a real estate loan — but his adviser claims that the coach was the victim of a Ponzi scheme.
You've probably heard it over and over again: contribute up to the maximum amount in your 401(k) plan to improve your chances of a comfortable retirement.
President Barack Obama's plan to recast how the government regulates Wall Street could be thrown a curve this fall if Sen. Tim Johnson, a Democrat whose home state is a major hub for credit card companies, takes over the chairmanship of the Senate's banking committee.
