Another small broker-dealer that sold high-risk private placements is out of business
But these three fund firms would likely take the biggest hit under current proposal
Finra wants broker-dealers that sell risky Regulation D private placements to engage in a more vigorous due diligence process, “pushing and pulling” for information about the products, according to Richard Ketchum, chairman and chief executive of the Financial Industry Regulatory Authority Inc.
In what can only be viewed as a surprise outcome, an independent broker-dealer has won a rare legal victory in the continuing scrum over private placements that has forced several broker-dealers to shut down
Jackson National has announced it will attempt to slow down sales of it sgenerous variable annuity contracts. How it plans on going about this is another proposition.
UniCredit Group's decision to keep its Pioneer Investments money management arm could mark the end of a spate of recent divestments and the start of a period in which banks are focused instead on building their asset management affiliates.
O'Hanley says expense will 'pop up' somewhere else; whack-a-mole for the SEC?
Behavioral-finance experts have come up with a few strategies for financial advisers working to help clients overcome natural human tendencies that can lead to money-related mistakes.
The Certified Financial Planner Board of Standards Inc. finally has revoked Russian spy Cynthia A. Murphy of her planning credentials.
Investors piling into bank loan mutual funds; inflation protection the lure
Tuition at Leysin American School in the Swiss Alps is $72K a year, but at least the skiing's good
Ten months after the death of its former chief executive, wealth management firm Rockefeller Financial today hired Reuben Jeffery III, a former government official and Goldman Sachs' executive, as its chief executive.
The financial-reform law is threatening the privacy of some of America's richest families.
System failures in recent weeks involving such companies as Amazon.com Inc. and Sony Corp. have cast doubts on the security and reliability of cloud computing, and should put financial advisers on high alert
Federal revenue losses due to tax breaks for retirement savings plans are being greatly exaggerated, according to a group that is urging Congress not to eliminate so-called retirement tax expenditures
New regulations aimed at ending the cozy relationship between government and those who advise the government on investment matters sound good on first blush. But as firms have discovered, the devil's in the details.
Instead of standing on the sidelines waiting for a number of long-awaited Labor Department rules to take effect, advisers are figuring out how things will change and are wasting no time as they gear up
Another small, independent broker-dealer that faces mounting legal claims is exiting the business, this time after selling real estate deals by a bankrupt syndicator.
Peter Muller founded Morgan Stanley's successful PDT quant unit; dubbed 'brilliant' by Clifford Asness
Queens Road Small Cap Value Fund shines during turbulent markets; sitting on plenty of cash right now
