A broker who was recently booted from the securities industry has cost Next Financial Group Inc. and Raymond James Financial Services Inc. dearly — with the two firms paying out almost $850,000 to settle cases involving clients who got burned.
Mark R. Fetting thinks that he can hit the ground running as the new president and chief executive at Legg Mason Inc.
The value of its super-senior-credit-default swap portfolio declined $5.9 billion and not $1.6 billion, AIG reported to the SEC.
Total brokerage client assets reached a record $1.99 trillion, a 17% increase from the previous year.
“This will create one platform and one-stop shopping for broker-dealer customers,” said Incapital CEO Tom Ricketts.
Company wants to be a high-net-worth 'pure-play', reports a 90% drop in fourth-quarter income.
The SEC, FINRA and NASAA will seek input on firms’ best practices to protect senior investors.
Survey shows consumers are worried about jobs, investments.
The gross domestic product will improve slightly because of the $150 billion economic stimulus package.
Fourth quarter profits down 50% at Nationwide, off 29% at Protective Life.
Texas Tech University's financial planning department to honor J. Thomas Bradley Jr. as “Visionary of the Year.”
Net income for the quarter was down 1% at $96,655 from the $105,946 reported in the year-ago period.
John Hancock Financial's team will act as a resource for financial planners and advisers on tax and estate planning issues.
A survey finding that arbitration customers do not believe the process is fair was “inconsistent,” FINRA said.
Prudential's fourth-quarter net income fell to $792 million, or $1.75 per share, from $893 million.
Productivity rose 1.8% over the final quarter of 2007, a significant drop from the 6% increase achieved in the third quarter.
The two firms are paying out almost $850,000 to settle cases involving clients burned by Gregory Horton.
Most participants did not believe that the process was fair to all parties and were not satisfied with the outcome.
Fidelity's gift fund reached a record level of $1.17 billion in grants to charity in 2007 — an increase of 24% over 2006.
