Congress' proposed overhaul of U.S. bank regulation wouldn't have averted the 2008 financial crisis and would do little to prevent a recurrence, according to two former chairmen of the Securities and Exchange Commission.
LPL Investment Holdings Inc. last week said that it has sealed the deal with the executive who has overseen the company's growth and its march to an IPO.
Getco, a market-making firm that specializes in global high-frequency electronic trading, insists that it followed SEC ethics rules in recruiting and hiring a top SEC official as its associate general counsel.
When House and Senate negotiators gather tomorrow, they're scheduled to consider strengthening the fiduciary duty provision in landmark financial regulatory reform legislation.
Many go by 'gut feeling,' survey finds; most admit they're not saving enough for old age
PAC funding boosts ASPPA's clout on Capitol Hill; 'bigger voice'
The passage of a bill that would permit in-plan Roth conversions and allow partial annuitization of annuity contracts could prove to be a boon for financial advisers.
Mon dieu! When it comes to fiscal restraint, the U.S. is no better than France
It should be easier for employers to include annuities in their retirement plans because Americans are at risk of outliving their savings, an insurer told Labor and Treasury department officials today
Dr. Doom sees anemic growth in third quarter; 'stock markets could sharply correct'
Social Security just celebrated its 75th birthday. Economist Laurence Kotlikoff says it's time to retire the cash-strapped pension plan -- or face disastrous results.
Baby boomers approaching retirement may be nervous about outliving their savings — but they continue to keep most of their money in riskier investments.
Linton, Ulian jump to Bank of America; 'organizational shift in mindset'
Investors seeking the safety of government-insured certificates of deposit and a chance to profit from market rallies may end up earning nothing and owing taxes for their efforts.
House and Senate negotiators last week hit an impasse that may be resolved as early as tomorrow on the fiduciary duty provision embedded in the massive financial regulatory reform bill.
One out of four clients need to save – or make – more money, majority of polled advisers say; focus 'on the gap'
Kenneth Ira Starr, an investment adviser with a roster of celebrity clients, was charged by the U.S. government on May 27 with orchestrating a $30 million fraud. (An alleged fraud that feds would eventually bump up to an estimated $59 million.)
Federal regulators on Wednesday proposed new disclosure rules for target-date retirement funds that would require sponsors to spell out how they are investing the money and to warn about risks.
Firms that focus on the 401(k) market, like CapTrust, have recently reported a pickup in interest from advisers who focus primarily on retirement plans.
FBI agents raided the offices of a New York-based brokerage and arrested several people suspected of running a boiler room operation, with links to the mob, that allegedly defrauded investors out of $12 million.
