Advisers can now produce on-the-fly internal rate of return and daily time weighted return rates of return for their clients.
Mutual funds will now be subject to a new rule that prohibits fraud in hedge funds and other private investment pools.
Two-thirds of defined benefit pension sponsors have either closed their plans to new hires or have frozen such pensions for all participants in the last two years.
Morgan Stanley has bought Daewoo Engineering & Construction Co.'s Seoul headquarters for $1.04 billion, published reports said.
Now that the Senate has disposed of the immigration reform bill, perhaps it and the House of Representatives can turn their attention to a matter at least as serious: reform or repeal of the alternative minimum tax — preferably repeal.
Exchange-traded notes are the newest wrinkle from Barclays, the main sponsor of exchange-traded funds.
Ben Edwards III, a former chief executive of A.G. Edwards Inc., is not happy about his family firm’s merger with Wachovia Corp.
On the heels of the federal appeals court decision rejecting fee-based brokerage accounts, brokers are facing yet another challenge from consumer advocates who are questioning whether 12(b)-1 fees are being used illegally.
As the number of regional brokerage firms dwindles, executives at those that remain insist they’re better off staying independent.
A long-running trademark battle is threatening to derail the expansion of the CFA Institute in what has become one of the fastest-growing markets for financial planning professionals.
The FBI is analyzing death threats against Goldman Sachs, according to published reports.
Wedbush Morgan may land 100-plus reps from Brookstreet now that the son's founder has signed on with the firm.
Woodbury Financial Services, a top twenty independent-contractor broker-dealer, has promoted Walter White to president of the firm.
The EEOC has sued Merrill Lynch on behalf of an Iranian national who alleges that the bank discriminated against him.
The U.S. Supreme Court has agreed to hear a dispute on whether a tax code allows trusts to claim a full deduction for investment management fees.
Looking toward an initial public offering, Kohlberg Kravis Roberts is seeking a securities broker-dealer license, TheDeal.com said.
Wachovia Securities LLC may face challenges in retaining all the brokers it wants to, in the wake of its announced merger with A.G. Edwards Inc. of St. Louis.
In an attempt to save a semblance of his family’s broker-dealer, Scott Brooks, scion of the founder of Brookstreet Securities Corp., last Thursday jumped to Wedbush Morgan Securities Inc. and then immediately invited Brookstreet’s 500 affiliated representatives to join him.
