Bernard Madoff's face has been plastered on magazine covers and in newspapers, but artist Yan Pei-Ming has taken the confessed Ponzi schemer's image one step further.
The Charles Schwab Corp. is giving a reprieve to advisers upset with its decision to stop taking custody of hedge funds, real estate assets, private equity and other forms of alternative investments, but it will not reverse the ban.
A systemic regulator for the country’s economy and financial system is likely to be put in place by the Obama administration.
Congress should enact legislation mandating that all investment advisers and money managers come under fiduciary standards, John Bogle, founder and former chief executive of The Vanguard Group Inc. of Malvern, Pa., said today.
Perkins Investment Management LLC today announced that the Perkins Small Cap Value Fund (JSCVX) will reopen to new investors.
A Seattle man has filed suit against his financial adviser for failing to conduct appropriate due diligence and for investing his money with Tremont Group Holdings Inc. of Rye, N.Y., that placed funds with convicted swindler Bernard Madoff.
Employees at Putnam Investments will work longer hours starting May 4 when a companywide change in the workweek is implemented.
Thousands of anxious clients with accounts in companies controlled by Texas financier R. Allen Stanford, who is accused by the Securities and Exchange Commission of running an $8 billion fraud scheme, received long-awaited good news from a federal judge in Dallas yesterday.
Bernard Madoff's lawyers are appealing a judge's decision to revoke his $10 million bail and send him to jail to await sentencing.
China's premier is worried about its massive holdings of Treasuries and other U.S. debt, appealing to Washington to safeguard their value.
The Reuters/University of Michigan consumer confidence index rose to 56.6 this month, from 56.3 in February.
Jon Stewart hammered Jim Cramer and his network, CNBC, in their anticipated face-off on "The Daily Show," repeatedly chastising the "Mad Money" host for putting entertainment above journalism.
A fourth-quarter tumble in long term care insurance sales brought down full- year 2008 results for the product, according to data from LIMRA International Inc.
Oppenheimer Holdings Inc. is interested in picking up some of the brokers and advisers from the distressed Stanford Group Co., the Houston-based broker-dealer arm of the disgraced companies controlled by financial R. Allen Stanford.
The net worth of American households fell by the largest amount in more than a half-century of record keeping during the fourth quarter of last year.
The Charles Schwab Corp., under fire from some investment advisers for abruptly ending custody of most alternative assets, said it is modifying the policy but not abandoning it.
Advisers are agitated by the SEC’s decision to expand its examinations of advisory firms to include contact with clients.
Suspending mark-to-market accounting would improve the credit system, Robert Reynolds, chief executive of Putnam Investments, said today.
