After much discussion and anticipation, the Automatic IRA Act of 2010 was formally proposed Friday by Sen. Jeff Bingaman, D-N.M. If enacted, the bill could affect half of the country's working population.
Regulators on Friday shut down Midwest Bank and Trust Company in Elmwood Park, Ill., as well as three smaller banks in Georgia, Michigan and Missouri to bring the number of U.S. bank failures this year to 72.
The regulator looks to unload assets from some 182 failed banks. Government-to-investor incentives include big discounts and zero-percent financing for qualified buyers
This week should be dominated by economic numbers and, in particular, the September Jobs report due out on Friday
Bookkeeping change seen raising expense ratios for AMFs, tilting field in favor of index funds
On July 22, the Securities and Exchange Commission released a report from its Life Settlements Task Force which recommended that the SEC urge Congress to amend federal securities laws to include life settlements as securities.
The judge determined that state insurable interest laws do not apply to annuities – at least, in this case.
Meanwhile, the National Association of Insurance Commissioners has scheduled a hearing in Washington this month to discuss the transactions
Despite the protests of life insurance agents and broker-dealers, the Securities and Exchange Commission should decide in favor of a uniform fiduciary standard for all investment professionals, according to the new head of the North American Securities Administrators Association Inc.
Laby says provision must be scrapped if SEC wants to mandate single standard of care: 'It's got to go'
You have to feel sorry about The Hartford's latest problems.
From giants such as Citigroup Inc. to small broker-dealers such as Pacific West Securities Inc., brokerage firms have kept their representatives in the dark about problematic details in investments.
Berkshire Hathaway Inc. had sold insurance requiring the Omaha-based company to pay $30 million to a client if France won the tournament.
These companies look like potential takeover targets. They're also good bets even if they aren't acquired.
Vanguard founder claims Hennessy's funds underperform, in part, due to excessive fees; 'short-term speculators'
UBS AG will open a new wealth management office in New York and boost staff as the biggest Swiss bank seeks to expand its market share among individual investors in the largest U.S. cities, according to a memo sent to employees today.
Broker-dealers and financial advisers are taking action against The Hartford Financial Services Group Inc. in response to a letter the firm sent to their clients that entices them to swap their variable annuities for a replacement — one that advisers say actually strips away generous guarantees.
Not sure why individual investors are abandoning the stock market? The latest earnings season should clue you in.
Artio's Keith Walters says a reduction in manpower has lifted the productivity and earnings of U.S. businesses
Don't look now, but these hammered industries may be headed for a rebound, according to the the famed value investor
