Among other things, GAO charged with examining professional standards that currently govern planners and advisers
The Senate financial-reform bill introduced by Sen. Christopher Dodd, D-Conn., tackled a lot of difficult issues, made some tough decisions and punted on a relatively easy one — requiring financial professionals who give investment advice to accept fiduciary responsibility.
David Dreman, an iconoclastic value fund manager, has eliminated a significant portion of his staff at his investment management firm as it looks to reduce costs, an executive confirmed today.
Stocks were set to extend their September rally into a fourth week Monday as traders eye the Federal Reserve's meeting later in the week.
Brokerage firm Wunderlich Securities Inc. plans to buy five RBC (U.S.) Wealth Management offices in Michigan and Ohio with 21 retail brokers and about $700 million in client assets under administration, the firms said.
Tearful, angry victims of a $77 million Ponzi scheme that targeted hundreds of often working-class Italian-Americans crowded into a Chicago courtroom Thursday to tell their stories before a judge handed the convicted swindler a maximum 23-year prison term.
Concern that stocks will plunge has never been higher in global options markets, and that may mean it's time to buy.
Last month, the Financial Industry Regulatory Authority Inc. shut down APS Financial Corp. for overcharging clients $1.3 million for bond trades in 2005 and 2006.
Lower trading volume during the summer doldrums has contributed to an “oversold” stock market, according to Chris Retzler, manager of the Needham Small Cap Growth Fund Ticker:(NESGX).
UBS AG, Switzerland's largest bank, is putting more focus on its richest clients in Asia and bringing its investment bankers closer to asset managers to meet their demands.
The Buckingham Family of Financial Services today announced a merger with Wealth Management Consultants LLC.
The percentage of overall financial fraud cases brought by the SEC that involved broker-dealers rose last year, according to an agency official.
Officials who are seeking to revive the New York Insurance Exchange may be moving away from earlier discussions of favorable tax treatment for participants, according to preliminary recommendations that indicate what shape the facility may take.
The securities industry hopes that the Supreme Court will reverse a lower-court decision that it fears could put all mutual fund companies and financial advisers who sell their funds at a greater risk of being targets of class actions, observers say.
Can elect to appy donations made this month to last year's tax returns
P2P lending gaining in popularity, but state securities cops warn about potential perils
A massive gap exists between what workers think they'll need to retire — and how much they've actually saved. The result? Worktirement.
Regardless of which party is in control of Capitol Hill after the November elections, retirement issues are sure to rise to near the top of the congressional agenda.
Move comes ahead of ramped-up government disclosure regs
