Congress won't act directly on a proposal approved by a presidential deficit commission this week, but elements of the plan could become part of legislative proposals in coming months to address huge fiscal imbalances.
Morningstar Inc. is reviewing discrepancies in the way it reports returns on variable annuity subaccounts to advisers and their clients.
Obervers say the advisory industry is spooked by the probes of Diamondback Capital and Level Global Investors. But the bigger concern may be the subpoena of Wellington Management, which is a subadviser to marquee firms like Vanguard, The Hartford, and John Hancock.
If you're curious about how important workplace diversity is to Wall Street, consider the commotion that ensues when it's time to roll out the red carpet and honor the industry's inclusion luminaries.
Preferential tax treatment for retirement programs and insurance products are threatened in a draft proposal from the chairmen of the national deficit commission, according to advocates.
Representatives and advisers at Brewer Financial, a Chicago-based independent broker-dealer, are said to be looking to jump ship after the Securities and Exchange Commission charged the firm and its top two executives with fraud in selling $5.6 million in promissory notes to 74 investors.
In Finra arbitration pilot program, investors fared better with all-public panels
Advocates of a universal fiduciary standard of care for all advisers and brokers are hoping that the recent insider trading probe will help their cause.
Investment guru sees another recession within two to three years; 'not much that can be done'
In our industry, there is never a shortage of debate on the areas that affect the sale and delivery of financial advice to investors
Northern Trust Corp. long has championed its conservative heritage as a 121-year-old financial institution that eased through the Great Depression and most recently the Great Recession.
Rising compliance costs could force many reps to dump middle-market clients or raise fees, group says; liability the issue
Sun Life Financial Inc. today released two income benefits.
A New Jersey woman was charged today with raising $8 million through a Ponzi scheme that defrauded investors in her purported wholesale merchandise business.
The debates in Congress about whether to extend the Bush-era tax cuts and unemployment benefits, and about the DREAM Act, which would give children of illegal immigrants a path to citizenship, have delayed action on another tax measure that must be addressed: the annual temporary fix of the alternative minimum tax
Corporate pension industry lobbyists are bracing for an attack on the tax breaks for pension plans as the White House and federal lawmakers struggle to slash the federal budget deficit
Invesco Ltd. is poised to challenge BlackRock Inc. for the position of world's biggest asset manager, according to Don Putnam, managing partner of Grail Partners LLC.
Putnam Investments chief Robert Reynolds went to Washington last Wednesday to urge Congress to save Social Security — just not in the way financial services industry executives usually -recommend
Senior adviser to Mary Schapiro touted as next head of the Division of Investment Management
