In a risk-averse environment, 130/30 has lost its cool factor, with investors shying away from the strategy after getting clobbered in the market downturn.
Investors and financial advisers who are stuck holding auction rate securities bought from “downstream” broker-dealers have begun to step up their legal claims against the major firms that marketed the investments as safe.
The Nebraska Supreme Court has ruled against a group of investors who tried to muscle a state guaranty association into paying about $1 million for the group's failed viatical investments.
Congress is likely to begin a review of the financial oversight system next month, with an eye toward revamping regulation. Banking, of course, will take center stage, especially now that the federal government has a direct stake in many of the nation's largest banks.
The brokerage industry is angry about President Obama's efforts to eliminate certain tax breaks for U.S. corporations that do business -offshore.
Assets in broker-managed ac-counts reached the levels of traditional wrap fee accounts in the first quarter of the year, a milestone in the fee-based business at major brokerage firms.
Just when market conditions appear to be stabilizing, financial advisers now have something else to keep them awake at night: Both Social Security and Medicare are on a pace to disappear even sooner than expected.
Wealth managers and tax attorneys are advising wealthy clients who may need to minimize gift and estate tax payments to consider taking advantage of a popular tax-planning tool while they still can.
Although carriers' acceptance into the TARP program has led to share price gains and cautious approval from ratings agencies, some financial advisers are still keeping the insurers' products and securities at arm's length.
The financial advisory industry is bracing for a battle over the Securities and Exchange Commission's efforts to subject thousands of investment advisers to surprise exams by outside auditors.
Keeping track of rogue brokers is a tricky business, particularly when they leave or are booted from the confines of the securities industry, but keep peddling financial products.
Caretaker CEO Edward Liddy wants out, so all eyes turn to six new directors slated for insurer’s board, including former AmEx chief Harvey Golub and Sears vet Arthur Martinez.
Rep. Paul E. Kanjorski, D-Pa., today reintroduced the Insurance Information Act of 2009, which would establish a federal Office of Insurance Information.
A state senator wants Florida's insurance commissioner to resign, calling him "duplicitous and untrustworty" in a letter to Gov. Charlie Crist.
Trailing California in over-the-month job losses were: Texas, which saw 39,500 jobs vanish; Michigan, which lost 38,400 jobs; and Ohio, where payrolls fell 25,200, according to a U.S. Labor Department report issued today.
A private research's group forecast of economic activity rose more than expected in April, the first gain in seven months.
The battered economy will begin a slow upward climb after the recession bottoms out in the fourth quarter of 2009, predicted Mark Zandi, senior economist at Moody’s <a href=http://www.Economy.com>Economy.com</a>.
The government says the number of newly-laid off workers requesting unemployment insurance dropped last week after spiking the previous week due to auto layoffs.
Safety and security for retired investors have been overrated, and we need to think differently about these concepts and about diversification.
Legislation that would allow insurance agents to be registered by a single national licensing organization was introduced today in the House of Representatives.
