Insurer MetLife moving into the business in a big way, while banks back out. Says one industry consultant: 'They must know something I don't know.'
The year 2013 may snap a 12-year winning streak for wealthy Americans on taxes due on income, capital gains, dividends and money given to their heirs
Florida insurance commissioner worried carriers spending more energy on collecting premiums than paying out on policies
Insurance regulators questioned MetLife Inc. executives today at a hearing in Florida as they sought to understand the insurer's death benefit settlement practices.
The bleeding has started at Securities America Inc., as competitors are successfully recruiting reps from the beleaguered broker-dealer.
Broker-dealers have been engaging in sales practices for structured securities products that hurt retail investors, according to an SEC report.
Finra has warned investors about chasing yield with structured products, junk bonds and floating-rate bank-loan funds.
Moody's estimates loss of AAA rating would add $100B to Uncle Sam's carrying costs; impact on Treasuries 'significant'
Massachusetts' top securities regulator is suing RBC Capital Markets LLC and one of its former registered representatives over the sale of leveraged exchange-traded funds, saying they sold them to clients who didn't understand how the investments worked.
The Land of Lincoln is holding onto its dead presidents as long as possible, stiffing vendors as small as local pizzerias and as large as IBM
Investment advisers who must migrate from regulation by the Securities and Exchange Commission to state oversight now will have extra time to make the transition.
An SEC rule proposal intended to thwart the likes of Bernard Madoff likely would result in significantly higher compliance costs for smaller broker-dealers.
Silver dropped, heading for the biggest three-day fall since October 2008, as increases in Comex margin requirements drove investors away. Gold declined after a report that Soros Fund Management LLC may have cut holdings.
In the financial advice-seeking population, about a quarter of households use multiple financial advisers. For those households with investible assets of between $2 million and $5 million, the proportion increases to 33%. And 58% of investors with more than $5 million in assets have multiple advisory relationships.
New software tool will help advisers scan for the best variable annuity option for a client.
Addressing an issue that many thought had been resolved several years ago, Massachusetts last week filed an administrative complaint against RBC Capital Markets LLC and one of its former brokers, Michael Zukowski, for “dishonest practices in selling leveraged and inverse leveraged ETFs"
Moody's places five Aaa issuers under review for possible downgrades. The reason? The states are vulnerable to cuts in federal spending, the rating agency says.
MSSB big Charles Johnston says move to fee-based model has been ongoing for six months; dubbed 'safe harbor' by RBC's Taft
Clients of a prominent Bank of America Merrill Lynch broker have won an $880,000 arbitration award against the firm.
Notes didn't protect Croce's principal -- once issuer Lehman went belly up; at least 40 cases still pending
