Limits sales of VA product to company's reps; Big Three getting bigger
Though the top three sellers of variable annuities extended their grip on the U.S. market through the first nine months of 2010, smaller-share players have become more aggressive in order to compete.
Barron's annual ranking shows that Morgan Stanley may not be having that tough a time bringing Smith Barney into the fold
No strategic fit between insurer's two main units, Golub insists; sees carrier eventually being broken apart
The president of a broker-dealer says that Charles Schwab took some of his assets off a custody platform after he hired a former Schwab employee. An isolated event? An attorney claims he has handled several cases over the last year arising from similar moves by the discount broker.
Raymond James Financial Inc. announced today that it is acquiring Howe Barnes Hoefer & Arnett, Inc., a Chicago-based investment bank.
According to officials in Missouri, brokers from two B-Ds unknowingly cold called state securities regulators at their offices, then tried to pitch them on 'can't-miss' investments. But wait, the story gets better.
The Securities and Exchange Commission will have to forge ahead with the dozens of studies and regulations called for in the Dodd-Frank financial reform law without any extra funding until at least early March.
Doom-and-gloom analysts say high unemployment will hammer large-cap stocks next year. Richard Skaggs, chief equity strategist at Loomis Sayles, has a slightly different view.
Judge rules in favor of only fund firm that refused to settle class action; 'last man standing'
Morgan Stanley, the sixth-largest U.S. bank by assets, has told some employees to expect investment banking bonuses to decline 10 percent to 30 percent, according to two people briefed on the matter.
Democrats take dead aim at $5M exemption, low rate; .14% of estates would owe taxes under Obama's proposal
Influential lawmaker seeks to raise rate on gift tax; 'may disperse some people'
A nationwide law enforcement crackdown targeting financial fraud has led to cases against 343 criminal defendants involving $8.3 billion in estimated losses, Attorney General Eric Holder announced Monday.
These are the following remarks delivered by Securities and Exchange Commission Chairman Mary L. Schapiro as part of the Brodsky Family Fund Lecture Series at Northwestern University School of Law on Nov. 9
Roughly 76% of individuals under 61 who purchased long-term-care insurance during the first half of 2010 will pay less than $2,500 a year, according to a study released today by the American Association for Long-Term Care Insurance.
The U.S. Securities and Exchange Commission banned a market-maker pricing practice known as stub quotes, prohibiting a technique that caused shares to trade as low as 1 cent during the May 6 crash.
Jeffrey Gundlach hasn't lost his investment magic — or his famous ego — running DoubleLine Capital LP, the Los Angeles money manager he formed after his highly publicized firing from now rival manager TCW Group last December.
Jeffrey Gundlach, ousted early this month as chief investment officer of TCW, announced today he has established a strategic relationship with Oaktree Capital Management LP in which Oaktree will help his new firm, DoubleLine LLC, establish its own operational infrastructure.
Financial advisers are certainly not in agreement with their clients about the state of the markets.
