The Securities and Exchange Commission is charging two employees at State Street Bank and Trust Co. with misleading investors about their exposure to subprime investments.
One of the owners of the defunct oil and gas dealmaker Provident Royalties LLC has pleaded guilty to conspiring to defraud investors in a $485 million scheme that ensnared dozens of independent broker-dealers.
The Securities and Exchange Commission's proposal to revamp 12(b)-1 fees may not be as draconian as feared, but it would eliminate a cost-efficient choice for investors, said Chet Helck, chief operating officer of Raymond James Financial Inc.
The Charles Schwab Corp.'s move into active ETF management with the acquisition of Windward Investment Management Inc., which was announced today, didn't come as a surprise to advisers, who gave it high marks.
Cold calling, as a method for bringing in new accounts, appears to be alive and well.
Settlement of N.J. suit seen as opening salvo in crackdown on lax disclosure; 'harbinger'
With their day-to-day business practices likely to change as a result of the new financial-reform law, broker-dealers are scrambling to assess their technology preparedness.
A former broker at Merrill Lynch & Co. and Citigroup Inc. lost a bid to throw out his conviction for selling access to his brokerages' internal “squawk boxes” after arguing prosecutors hid evidence of his innocence.
The technology sector has gotten cheap, according to Allison Thacker, who manages $1.4 billion in growth portfolios at RS Investments.
The co-CIO of Pimco reveals an adjunct to the New Normal that will likely affect growth and financial markets for years to come
BlackRock Inc., the world's biggest asset manager, named Rich Kushel as head of portfolio management and Charles Hallac as chief operating officer, reshaping its leadership team after the purchase of Barclays Global Investors.
Charles Schwab will pay $200 million to resolve a federal class action lawsuit filed by investors who say the financial holding company misled them over the safety of mortgage-backed securities.
Money manager who saw the mortgage meltdown coming says the central bank boss needs to explain why the Fed didn't
The Securities and Exchange Commission's warning to The Charles Schwab Corp. that it could face civil charges over two fixed-income mutual funds may have a direct effect on current and looming legal actions from investors over losses suffered in the funds.
Connecticut insurance commissioner Thomas R. Sullivan will look into whether The Hartford participated in “misleading practices” in its marketing of a new variable annuity, the commissioner's office announced today.
The prolonged economic crisis, weak equity markets and rock-bottom fixed-income returns should cause all who advise individuals on investing to reconsider the assumptions on which much of their advice is based.
Money managers are jittery about a provision in the financial-reform law that gives the Securities and Exchange Commission and other federal regulators authority to decide whether their compensation is “excessive.”
New York Life Insurance Co. was the top seller of fixed annuities during the second quarter, with $1.74 billion in sales, according to Beacon Re-search Publications Inc.
As it attempts to crack down on 12(b)-1 fees, the Securities and Exchange Commission is ignoring a raft of mutual fund charges that investors are paying indirectly, critics contend.
Things are getting ugly in Venezuela, with President Hugo Chavez vowing to crush the country's brokerage industry following a big drop in the value of the bolivar
