As part of a settlement last month with securities regulators in Arizona, Woodbury Financial Services Inc. agreed to tighten its policy of looking into the financial backgrounds of their 1,750 reps and advisers.
Some good news for the charitable-giving world: Most donors — 55% — planned to donate the same amount to charities in 2009 as they did last year, according to a recent survey conducted by the Fidelity Charitable Gift Fund, a charitable donor-advised-fund program established by Fidelity Investments of Boston.
Non-binding say-on-pay shareholder votes would be required of all public companies under legislation proposed by the Obama administration today.
Charitable giving last year experienced its first decline since 1987, the Giving USA Foundation reported today.
Executive compensation should decided by company boards, not imposed by legislators or regulators,
The U.S. trade deficit edged up in April as crude oil prices hit the highest level since December, but the imbalance so far in 2009 is well below last year's total as the recession dampens demand for imports.
Bank of America Corp of Charlotte, N.C. has joined the ever-growing list of firms that are being required to repay investors who bought auction rate securities.
Clearbrook Financial LLC has lured a 22-year Merrill Lynch & Co. veteran to serve as its new chief executive.
Two California men and the companies they ran were charged today with conducting an $80 million Ponzi scheme that targeted Korean-American investors with false promises of annual returns of up to 36% from foreign currency trading,
Retirees would be able to take a portion of their retirement savings in the form of an annuity if a bill introduced today by Rep. Earl Pomeroy, D-N.D., were passed into law.
Separate efforts to sell the businesses and personal property of disgraced financier Bernard Madoff have been combined to speed the process and get more of the proceeds to those he cheated.
U.S. retirement assets were down 22% at the end of 2008, compared with yearend 2007, according to a report released yesterday by the Washington-based Investment Company Institute.
Obama is ramping up his stimulus program this week even as his advisers are ramping down expectations about when the spending plan will stem a continuing rise in the nation's unemployment.
The Obama administration’s consideration of a safety commission for financial products needs to be approached with great care, Richard Ketchum, chief executive of the Financial Industry Regulatory Authority Inc., said today at NAVA’s annual legislative and regulatory conference.
The Conference Board Employment Trends Index saw a small uptick in May, increasing 0.2% to 89.9, from 89.7 in April.
BlackRock Inc. confirmed this morning that it's in talks with Barclays PLC to acquire the London-based company's $1 trillion money management unit, Barclays Global Investors.
Peter L. Bernstein, an economic consultant who sought to bring ideas of modern investment management from academia to the practitioner, died Friday in New York.
The difference in regulatory oversight for broker-dealers and investment advisers leaves consumers open to risks, Richard Ketchum, chief executive of the Financial Industry Regulatory Authority Inc., said today.
Making a case for long term care insurance can be a challenge under any circumstances.
Mindful of past disasters with long term care insurers, financial advisers have found ways to balance financial viability with quality benefits.
