Peter Kraus has worked for more than two years to stem client defections from investment manager AllianceBernstein LP
Bank risk managers appear to be a bit more optimistic about the economy than they were 10 months ago, but most still expect mortgage and home equity loan delinquencies to stay the same or rise in the near term, according to a recent survey
Home loan giant Wells Fargo & Co. has agreed to pay $11.2 million to settle federal securities charges involving mortgage-based investments that Wachovia Capital Markets LLC sold to the Zuni American Indian tribe and other investors
The fines imposed last week by Finra on broker-dealers and executives involved in the sale of failed private placements are likely the first of many to emerge from regulators' crackdown on the sale of the securities
Officials forced to go virtual rather than show up in person; plenty of glitches
Jefferies Group Inc. (JEF) agreed to pay about $2 million to resolve Financial Industry Regulatory Authority claims that three employees failed to disclose conflicts of interest while selling auction-rate securities.
Fund manager believes 15% plunge may be coming; a recession, to boot
Regulator said James J. Konaxis churned victim's accounts, earning about $550K in commissions. l
Rep. Schakowsky want big increase in marginal rates for millionaires, billionaires
Amount equals about 10% of total client losses on Reg D notes later deemed fraudulent by the SEC
National Securities receives notice of imminent enforcement action; scrutiny likely stems from sale of Provident Royalties notes
Norton to run UHNW program for RIAs
Choice of veteran from within firm -- rather than from parent BofA -- could mollify some brokers; 'safe pick' .
Drexel renunion as Leon Black's Apollo's buys into Morgan Joseph TriArtisan; fees the key
U.S. millionaires would face an annual income tax increase of at least 10% under a deficit reduction measure proposed by Rep. Jan Schakowsky, R-Ill
Profits plunge even as assets under custody hit all-time high
Former Fidelity distribution head Peter Cieszko will join American Century in a new position heading up intermediary and institutional sales in North America
Taxpayers still need to file by April 18 — even if federal government's gone fishin'
Legislative ambiguity about public pension funds, as well as their underfunded status, has financial advisers who work with public employees scrambling to plug holes in their retirement plans
