A downgrade by a Wachovia analyst sent American International Group shares tumbling to a 52-week low.
Dow Jones and Brookfield Asset's indexes serve as benchmarks of companies that own infrastructure assets.
State insurance regulators are displeased with the Securities and Exchange Commission and state securities regulators about a proposal that would regulate equity index annuities as securities rather than as insurance products, and one state insurance regulator is meeting with SEC Chairman Christopher Cox this week to address those grievances.
Watching institutional investors achieve big gains in alternative investments has whet retail demand for mutual funds that incorporate alternative strategies.
On the heels of the stock market's worst June performance since 1930 and the official start of a bear market, financial advisers are calming clients' nerves and preparing them for more bad news.
While investors may want to make changes in the face of a volatile stock market, most financial advisers don't move assets around during challenging times.
The increasing popularity of exchange traded funds has led advisers to seek new ways of incorporating ETFs in client portfolios.
Distressed debt is about to have its day, according to some prominent investment managers.
One of the broker-dealers in the ING Advisors Network Inc. is on the brink of losing representatives and advisers who generate $21 million in fees and commissions to rival firms.
In casual conversation about the troubled financial markets, the words "risk" and "uncertainty" often are treated as synonyms.
In the wake of a security breach that affected more than 10,000 clients, LPL Financial has taken several steps to increase data protection.
Pink-sheet stocks, which represent thousands of public companies not listed on any U.S. stock exchange, are gaining appeal among some investors, thanks to increased efforts to hold the companies more accountable to shareholders.
Federal Reserve Board Chairman Ben Bernanke's speech last Tuesday attracted the most attention for new mortgage lending rules, to be detailed this week, and for leaving the Fed's doors open to investment banks until next year.
More investors are looking to sell illiquid auction rate preferred securities issued by closed-end mutual funds even though in many cases, they must sell at hefty discounts.
Insurance agents who work primarily with equity index annuities say the Securities and Exchange Commission's proposal to regulate the products as securities would impose greater costs on their firms and hand over control of their production to broker-dealers.
Fears of short supply in the largest oil-producing nations and a weak dollar sent crude oil prices above the $147-per-barrel mark.
The U.S. trade deficit contracted by 1.2% in May as the value of goods and services exported increased faster than those that were brought in.
