Robert Stinson Jr., 56, pleaded guilty in federal court in Philadelphia to 26 charges, including wire fraud, mail fraud, money laundering and bank fraud.
The liquidator of Bernard Madoff's firm, Irving Picard, reached a settlement with more than a dozen funds associated with hedge-fund firm Tremont Group Holdings Inc. by accepting a cash payment of more than $1 billion.
Money managers ranked by assets from clients with more than $100M.
Portfolio managers were as shaken as individual investors by the recent market turmoil, according to the results of the latest Bank of America Merrill Lynch global survey of fund managers
Portfolio managers were as shaken as individual investors by last week's market turmoil according to a global survey of fund managers that found that sentiment has taken a sharp turn for the worse.
With the flood of new regulations facing investment advisers, clearing and custody firms are taking on a larger supporting role for their clients.
Frustrated by ongoing funding challenges at the Securities and Exchange Commission, a consumer group has eased its opposition toward establishing a self-regulatory organization for investment adviser oversight.
Current governor Norensberg challenged by Davidson, Moloney; BofA's Krawcheck unopposed
The Section 529 college savings plan that Wells Fargo Funds Management LLC manages for Wisconsin performed the best of the nation's 35 adviser-sold plans over the past year, according to ratings by Savingforcollege.com
Washington and New York will be joined by Oxford, Miss., as centers of the investment adviser universe if a group of students from the University of Mississippi law school succeeds in establishing a self-regulatory organization for advisers
SEC Chairman Mary Schapiro said that the agency will issue an initial rule this fall imposing a universal fiduciary duty for anyone providing retail investment advice.
Ones who get it right really stand out from the pack, say industry watchers
A year after pulling off the high-profile acquisition of a leading network of independent broker-dealers, Lightyear Capital LLC, which is controlled by former PaineWebber chief executive and chairman Donald Marron, is back in the market looking to raise more than $1 billion from investors.
Financial advisers are bumping into one another trying to win new accounts among affluent investors, but they can add some profitable business from less obvious market segments — one of which is investors who have never had a financial adviser.
Asset managers reported mixed success in attracting inflows for the second quarter as a pickup in market volatility weighed on investors' appetite for riskier assets.
Recent market volatility exposed a basic misunderstanding by financial advisers and even certified public accountants of the mechanics of undoing Roth conversions, a process called a Roth re-characterization
Although casinos and other businesses have helped Native American tribes amass an estimated $50 billion in capital, some tribal leaders feel that they are still being ignored by Wall Street
It isn't too often that the financial services industry claims that its regulatory system isn't tough enough, but that is the conclusion that Great-West Retirement Services and Lincoln Trust Co. FSB have made
Banks stuck with troubled real-estate-related loans. An economy in the doldrums with high unemployment. No, that isn't a snapshot of today's economy. It is what the United States looked like 30 years ago, as it emerged from the recession of 1980
