Will Fuller has joined Lincoln Financial Distributors of Philadelphia as president and chief executive, effective Feb. 13.
It might pay for broker-dealer firms and registered representatives to litigate disciplinary proceedings brought against them by the SEC and Finra.
Regulators and members of the futures industry met before the House Agriculture Committee to debate the regulation of credit default swaps and other derivatives.
The Department of the Treasury under Bush administration Secretary Henry Paulson paid 44% more for bank securities than they were worth.
Fairfield Greenwich Group, the largest feeder fund for Bernard Madoff Investment Securities LLC with $7.5 billion invested, failed to perform due diligence.
ING Groep has sold off its 70% stake in its Canadian property/casualty unit, ING Canada Inc., in an attempt to bulk up its balance sheets.
The Department of Labor today delayed implementation of a rule that would have allowed most investment advisers to give specific advice to 401(k) participants.
Iowa’s insurance commissioner yesterday posted a bulletin that would allow life insurers in that state to apply deferred tax assets toward 15% of their statutory capital and surplus levels.
Lazard, an investment bank, said profit for its fourth quarter, ended Dec. 31, had fallen by about half to $61.2 million, or 50 cents per diluted share.
Three former brokers, who were first with UBS Financial Services Inc. and then with Merrill Lynch & Co. Inc., have been barred from working in New Jersey.
Aviva announced that full-year 2008 life insurance and pension sales hit a company record of 11.9 billion pounds ($17.2 billion) in the United Kingdom.
Employers eliminated 650,000 jobs last month, bringing the total number of job cuts in the United States since September 2008 to 2.3 million.
Congress will consider legislation to extend some of the curbs on executive pay that currently apply only to those banks receiving federal assistance, House Financial Services Committee Chairman Barney Frank said.
The National Association of Active Investment Managers Inc. has launched an index of actively managed mutual funds that performed well during last year’s market downturn.
Piper Jaffray & Co. today reported a $153.3 net loss, or a loss of $9.78 diluted earnings per share, for the fourth quarter.
Americans cut back on spending by 1% in December, and increased personal savings by 3.6 %, in response to concerns about job security and economic stability, according to a Department of Commerce report released today.
Given the market downturn, it may appear to investors that there are screaming buys, but investment managers are largely staying defensive, with many favoring the consumer staples category.
No required minimum distributions for 2009
The nomination and confirmation of Timothy Geithner as Treasury secretary was a mistake that will weaken the U.S. income tax system.
