The swath of destruction cut by allegedly fraudulent private placements created by Provident Royalties LLC and Medical Capital Holdings Inc. is practically unprecedented in the securities industry
Investment advisers should get set for higher compliance costs — as well as a self-regulatory organization, said Chet Helck, chief operating officer for Raymond James Financial Inc.
Raymond James' retail businesses are a steadying force as its capital markets units remain in the doldrums.
It was a day of unexpected twists on Capitol Hill. During a congressional hearing today, Securities and Exchange Commission Chairman Mary Schapiro voiced support for a self-regulatory organization to oversee investment advisers. Meanwhile, a leading Republican expressed support for increasing the SEC budget.
Karen Fischer, a Boca Raton, Fla.-based compliance consultant, yesterday began circulating petitions to small broker-dealers in order to get on the ballot for a seat on the National Adjudicatory Council.
Barney Frank says Republican "nickel and diming" of SEC, CFTC "does grave harm."
PCAOB to charge broker-dealers more to monitor firms' auditors
The Hartford Financial Services Group Inc. has sold its private-placement life insurance operations
Global stocks rose for the first time in 11 days and commodities and the euro advanced as European leaders drafted a framework for the region's bail-out fund and America's Thanksgiving retail sales jumped to a record. Treasuries declined.
Fee-only financial advisers have long held themselves out as being more ethical than commissioned stockbrokers. Fee-only advisers claim to adhere to a fiduciary standard that requires them to act in the best interests of their clients, meaning that they must set aside their personal interests and fully disclose all their fees and any conflicts of interest
It's been an up and down year for fund firms and their stock pickers. Nevertheless, a number of portfolio managers emerged as investor favorites during 2011. Here are the hottest of the hot.
The push for increased oversight of the financial investment and advice industry may have gotten an unexpected boost
Over the past few months, the budget supercommittee has been wrestling with ways to reduce the yawning U.S. deficit. During that time, a key GOP lawmaker has repeatedly said 'failure is not an option' for the bipartisan panel. Apparently, it is.
With 2011 sales of life insurance products up just 4% over last year, carriers and producers would be well served by mining social networks to step up growth.
Strategist says country's debt now approaching country's output; 'Rogoffian' effect would put the brakes on growth
Looking at a developed world that may dip into recession, the global investment committee at Morgan Stanley Smith Barney LLC has decided to dial back risk
In what the firm calls its “most significant change” to its tactical asset allocation in two years, Morgan Stanley Smith Barney LLC's global investment committee is adopting an overweight position in safe havens and underweight position in risk assets
Anthera share price plummets more than 50% following 'unexpected and disappointing' result in final test
Strong recovery expected for precious metal in 2012 as real rates stay low; $2,200 an ounce?
