In a preliminary decision, the Securities and Exchange Commission has rejected applications for nontransparent ETFs from BlackRock, Inc. and Precidian Investments, determining that the proposals are not in the public interest.
Up to $13.6 billion in fresh equity expected to flow from listings, mergers and special distributions.
SEC investor advocate Rick Fleming sees adviser oversight as a top priority, but says the SEC itself should continue to conduct adviser exams.
Specific returns clients earn on investments right around retirement disproportionately impact their lifetime outcomes.
In a two-part tradeoff, John Hancock will acquire New York Life's Retirement Plan Services business, and New York Life will take on a block of John Hancock's life insurance business. One deals bolsters John Hancock's retirement reach and the other the other New York Life's insurance reserves.
Current slump in oil might mean clients with long-term horizons could consider adding the oil sector to their portfolios.
Giving the Fed credit and blame for pushing markets past fundamentals.
Most loan takers are in their 40s, earning $40,000 to $60,000 a year, report finds.
Midweek <i>Breakfast with Benjamin:</i> If it isn't Bill Gross, it's something else. Plus: The Russia crisis is hitting some 401(k)s too; the bull market could be in jeopardy; who's going to calm the markets; cuts at Wells and giving finance a bad name.
<b>Game Changers: Dealing with Dementia</b> Cognitive decline doesn't just rob the elderly of their mental capacity. Advisers and their firms often are left adrift, forced to make crucial decisions affecting the financial affairs of elderly clients.
Comes on heels of another $200,000 penalty last year for missing a stock-fraud scheme
The SEC is reviewing whether conflicts of interest led the firm to sell certain products to individual clients.
CEO tells investors and shareholders he'll continue to run the bank 'as normal' during treatment
After learning lessons from Superstorm Sandy, firms are planning ahead with staff and clients, expecting days of potential power outages and working remotely.
Resist the temptation to increase risk for low savers, as every dollar becomes more important.
IRS will auction an annuity that was part of a contract Darryl Strawberry signed with the Mets nearly 30 years ago.
Monday's <i>Breakfast with Benjamin</i> features stocks poised to move higher in a holiday-shortened week. Plus: Lots of data in just a few days, OPEC plays a game of chicken, and using dividend stocks to make up for an under-funded retirement portfolio
Regulators are using troves of digital information to monitor broker-dealers
