Prospect of regulation by brokers' regulator does not bother existing sites, which have conducted crowdfunding for accredited investors for some time.
A group of eight senators wrote the SEC, saying it was concerned that it was taking so long to write rules to implement part of the JOBS Act that allows small companies to raise capital from investors online.
A new proposed plan to end Detroit's $18 billion bankruptcy would pay bondholders 20 cents on the dollar and give police and firefighters higher pension payouts than other city employees. Now disagreement from both bond insurers and unions is expected to usher in a new, more contentious phase of negotiations.
Executive vice president Bill Chetney will take the new title in January.
Thanks to the magic of time, five-year average returns for equity mutual funds are looking better by the month
Commodity investments are heading for record outflows driven by withdrawals from gold exchange-traded funds as some investors lose faith in the traditional store of value, according to Barclays PLC.
The bad news: Underinvested and underperforming investors might not get the pullback they're hoping for
S&P Indexes is playing the Grinch with its report that the odds of the top-performing funds repeating that success are low and only get worse over time.
UBS AG, the world's largest wealth manager, said clients are shifting money to be managed directly by the bank or pay for advice in a reversal of previous outflows after it revamped services to boost profitability.
Investors are dumping gold-backed exchange-traded products at the fastest pace since the securities were created a decade ago
Investors watch the Fed as its last meeting of the year begins. Also in today's Breakfast with Benjamin: Stocks to buy when the Fed tapers, gold investors seek the bottom, IPOs gone wild, and a Deutsche Bank shopping guide.
Though a majority of retirees' wish lists include trekking the world, few plan ahead for such costs
Labor Dept. seeks ruling on Fifth Third Bancorp case that could ease challenges to employers.
Though a majority of retirees' wish lists include trekking the world, few plan ahead for such costs.
Plus: Looking for weakness in the Volcker rule, the case for stocks in 2014, the upside of market bubbles, and what the heck Elizabeth Warren is up to now?
Nobel Prize-winning economist Robert Shiller said a lack of good financial advice was one of the problems that led to the financial crisis.
The U.S. stock rally that has extended over the past year is due for a correction of more than 5%, warned investment strategists at T. Rowe Price Group Inc. That doesn't mean it's a time for advisers to stick their heads in the sand, but to proceed with caution.
The driver of the car that killed actor Paul Walker was a Merrill Lynch wealth manager and had been named a top adviser in 2010, 2011 and 2012.
Supreme Court review could lead to more stock-drop cases.
