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.
After more than three weeks of debate, the Senate approved a comprehensive overhaul of financial regulations on Thursday night without acting on fiduciary standards amendments.
For now, it's unlikely that the Senate will consider any amendments that are not already in the pipeline for floor action.
Consultant Leonard Reinhart says the advisory business isn't spending enough time on helping clients after they retire
Standard & Poor's Equity Research's fundamental outlook for the health care services industry for the next 12 months is positive.
Securities and Exchange Commission officials tried to assure Congress on Wednesday that the agency's examination and enforcement divisions are working together more effectively to catch and prosecute rogue advisers like Robert Allen Stanford, who allegedly bilked clients out of $8 billion.
GenSpring Family Offices LLC said today that it has hired Puneet S. Sahi as a family investment officer for its Costa Mesa, Calif., office.
Fund industry participants lauded the SEC's latest attempt to boost target date fund disclosure — but say that more could be done to help clarify the investments for participants.
Boston Private Financial Holdings Inc. announced today that it has repaid the remaining $104 million in TARP money it owes the U.S. Treasury.
Consuelo Mack's all-star panel re-thinks retirement income, and what should really matter most in your clients' portfolios.
The 287,500 subscribers of the Bloomberg Professional service will soon have the opportunity to add Launchpad 2010 to the mix of applications on their desktop
The U.S. Securities and Exchange Commission approved rules that will halt trading in Standard & Poor's 500 Index stocks during periods of volatility, a response to the May 6 plunge that wiped out $862 billion in 20 minutes.
The SEC boss doesn't have what it takes to clean up Dodge, writes Susan Antilla
The Department of Labor and the securities regulator are said to be working on a joint consumer alert about target date funds. Other guidance from the DoL is in the offing, too.
The Labor Department today released proposed regulations that prohibit financial advisers giving advice to 401(k) plans, or their employer or the employer's affiliates, from receiving extra compensation because the plan sponsors bought a product recommended by the adviser.
A pair of Nebraska investors have filed a class-action lawsuit against LPL Financial, saying that one of the company's brokers misled them about the costs and benefits of annuities.
When it comes to the decumulation phase of retirement behavioral finance hasn't yet been well-deployed to help retirees understand that they may very well outlive their retirement savings
