What do Wall Street investment banks and retired investors have in common? They both must live off the return on their capital.
Staff at the SEC’s Division of Enforcement has informed Reserve Management that it intends to recommend that the SEC bring an enforcement action against the company for violating federal securities laws.
The wirehouses appear to have escaped major exposure to Bernard Madoff's alleged Ponzi scheme.
New features include rates tables with flat rates and cross rates of most-traded currencies and currency pairs, a global economic calendar that lists major economic events that affect currencies and allows filtering by country.
The mutual fund industry today attempted to make a pre-emptive strike against congressional efforts to reduce tax breaks for 401(k) plans or to make major changes in the system.
More than 7% of 401(k) assets were invested in target date funds at the end of 2007 and 25% of 401(k) participants held the funds, according to an analysis released today.
Does Mary Schapiro have the right stuff to take on the big firms? Although praise is coming in from many quarters for the nomination of the Finra chief to head up the Securities and Exchange Commission, there may be cause for concern.
President-elect Barack Obama has nominated Mary Schapiro, the chief executive of the Financial Industry Regulatory Authority Inc. of New York and Washington, as chairwoman of the Securities and Exchange Commission.
Investors will be glad to see the end of 2008 — a year that may live in infamy as one that was marked by the worst investment returns since the Great Depression.
Those regs, slated to go into effect Jan. 1, require that retirement plans run by non-profit groups must have new plan document rules in place.
Several third-party technology providers have banded together and this week launched a new forum to help educate and assist newly independent advisers in their selection of software, hardware and other technology components to complete their back offices.
Excise taxes imposed on retirement savings account holders who do not take minimum distributions by age 70½ would be suspended for 2009 under legislation unanimously approved last night by the House of Representatives.
Pershing LLC, the securities clearing and RIA custody affiliate of The Bank of New York Mellon Corp., has set up a website and suite of tools for stockbrokers who are considering shifting from large broker-dealers to other business models.
Fidelity Investments of Boston today launched a program that allows investors to save for retirement while spending money.
The end of each year is a time of reflection and anticipation.
The following is an edited transcript of the round-table discussion.
Despite intense pressure from regulators to tighten recruiting standards for brokers with marks on their records, these bad apples are still being hired by new firms, recent cases illustrate.
