States that have Section 529 college savings plans and the financial services companies that manage them are working overtime to make sure that advisers — who account for about 80% of their sales — remain interested in the product during the recession.
Broker-dealer firms are worried about increased audit costs in the wake of the Bernard Madoff scandal.
The rising volatility of oil prices, coupled with the economic downturn, is providing something of a boost to railroad stocks.
Enrollment in prepaid-college-tuition programs has soared since the financial crisis began last fall.
Private-equity investors appear to be leading the pack of likely buyers for the three broker-dealers in the AIG Advisor Group, which houses 6,571 representatives, according to a number of industry sources.
House Financial Services Committee Chairman Barney Frank, D-Mass., last week laid out an ambitious 2009 legislative program for his committee.
The Department of the Treasury under former Secretary Henry Paulson took a “passive-investor” approach to buying stakes in financial institutions.
TD Ameritrade Holding Corp. is close to reaching a settlement with the Securities and Exchange Commission over the sale of auction rate securities
President Obama’s limits on compensation for executives with firms about to receive federal bailout money might be riddled with loopholes.
Mary Jo Hudson, director of the Ohio Department of Insurance, yesterday adopted three accounting rule changes that would grant insurers based there some reserve relief.
Two members of the Securities and Exchange Commission today called for harmonizing regulations of broker-dealers and investment advisers.
Dividends of companies in the S&P 500 stock index this year are expected to see their sharpest annual decline since World War II, New York-based S&P said today.
The Hartford (Conn.) Financial Services Group Inc. limped through the fourth quarter of 2008, racking up a net loss of $806 million.
The United States shed 598,000 jobs in January and the unemployment rate rose to 7.6% from 7.2%.
In her first public speech since becoming chairman of the SEC, Mary Schapiro said risk-based oversight of broker-dealers and advisers needs to be strengthened.
Wachovia Securities reached a settlement with the SEC in which it agreed to pay investors more than $7 billion to buy back failed auction rate securities.
New claims for jobless benefits rose to a 26-year high last week, signaling that the U.S. economy remains stuck in a deep recession.
After forecasting dismal 2008 results, Swiss Reinsurance Group has announced that it will receive a capital infusion from billionaire Warren E. Buffett.
President Obama revealed major compensation reforms today that will limit significantly the pay of executives at companies receiving federal bailout money.
