Tougher regulation in the 401(k) marketplace is driving “401(k) dabblers” out of the plan advisory business, according to an industry executive.
Although it may be one of the less glamorous parts of the JPMorgan Chase & Co. empire, the bank's J.P. Morgan Clearing Corp. subsidiary has done something exciting in the area of technology.
The split in control of Congress means that legislative gridlock will shift the lead on pension issues to executive-branch agencies over next two years, pension industry lobbyists said.
On Wednesday, the independent broker-dealer announced the pricing for its long-awaited IPO. At $30 a share, CEO Mark Casady stands to make a bundle from the sale.
The Federal Reserve will buy an additional $600 billion of Treasuries through June, expanding record stimulus and risking its credibility in a bid to reduce unemployment and avert deflation.
Economic commentary by the Chairman, Portfolio Manager & CIO of the Hennessy Funds
Fund company boss decries 'privatization of massive gains and socialization of enormous losses'
Half of Wall Street finance professionals surveyed expect their bonuses to increase for 2010, eFinancialCareers.com found.
Investment management designation gets approval from the American National Standards Institute
Advocates for imposing a universal fiduciary duty for retail investment advice are questioning both the motives and the timing behind a study released by the Securities Industry and Financial Markets Association that raised concerns about a single standard of care.
The financial markets breathed a collective sigh of relief following last week's midterm elections, as the GOP took control of the House of Representatives.
Do breakaway brokers have to disclose to clients how much they stand to gain by going independent?
Workers will be able to quickly and easily compare retirement plan investment options, including the fees charged in each, under a regulation promulgated today by the Labor Department.
The Financial Industry Regulatory Authority paid its top 10 executives a combined $11.6 million last year amid criticism from member firms that the brokerage industry watchdog's managers are overpaid.
Finra's board of governors has agreed to take action on three of seven proxy proposals approved by members in August.
Waddell & Reed Financial Inc., the mutual-fund manager based in the heart of Kansas that caters to mom and pop investors, is an unlikely company to be blamed for sending Wall Street into a tailspin on May 6.
The Securities and Exchange Commission may impose buy-and-sell obligations on electronic-trading firms and other “high-frequency” proprietary-trading firms that now represent more than 50% of daily stock trading volume.
Broker-dealer firms aren't providing financial advisers with the technology and resources that they need to manage risk in their portfolios, according to Robert S. Kapito, president of BlackRock Inc.
A court-appointed receiver in a Utah Ponzi case has sued Penson Financial Services Inc., claiming that the firm was complicit in perpetuating the scheme for a clearing client.
Voters have handed the Republican Party either a golden opportunity or a poisoned chalice, and the choice will be determined by the actions of the elected members of the party
