Prudential Financial yesterday agreed to settle allegations from the SEC that it used reinsurance contracts to overstate its income by more than $200 million.
In response to the credit crisis, a group of financial industry executives unveiled a plan today to improve risk management.
Samuel Israel III, founder of Bayou Group LLC, pled guilty to charges related to his attempts to jump bail and flee.
Following Invesco AIM were American Funds Group, Fidelity Investments and OppenheimerFunds Inc.
With operational costs growing and financial advisers in short supply, the demand for talent has put the value of young financial planners at a premium, according to industry guru Mark Tibergien.
Many advisers who have been involved in arbitration cases are welcoming a move to give investors the option of having all-public arbitration panels.
Some financial advisers are finding that outsourcing most of their day-to-day tasks, including many administrative duties, saves time and is cost-effective.
Merrill Lynch & Co. Inc's actions last week may well have marked the beginning of the end of the financial crisis that has gripped the economy for more than a year.
The bank has outstanding liabilities of $100 million to $500 million and fewer than 50 creditors, according to the filing.
Jim Nagengast was named president of Securities America Inc., the broker-dealer unit of Securities America Financial Corp.
There’s some movement in the data consolidation and reconciliation industry that advisers should keep an eye on.
Insurance industry representatives and regulators could not agree on moving ahead with comprehensive reform legislation.
Financial advisers typically spend months working with a business consultant to develop a plan for expanding their firms, and face a bill of at least several thousand dollars.
A sweeping housing bill is expected to be signed into law by President Bush in the middle of this week.
A Department of Labor proposal released last week seeking to provide the country's 65 million 401(k) participants with additional information about fund charges is stirring debate among different advocacy groups as to whether more data would be helpful or damaging.
In a move to attract a broader client base, Tamarac Inc. last week launched an updated version of its Advisor software that will cost small advisory firms about half of what they would pay for the current edition.
Not immediately, but at some time in the foreseeable future, Fannie Mae and Freddie Mac must be either officially nationalized or fully privatized.
The Senate voted 80-13 to limit debate on the bill that would aid ailing mortgage giants and help struggling mortgage holders.
