Nobody ever accused companies that push annuities on older Americans of being subtle.
The Securities and Exchange Commission is getting close to bringing a first-of-its-kind privacy case against a broker-dealer for using client data in the account transfer process, and industry attorneys said that the SEC is investigating similar cases against as many as a dozen other firms.
State securities regulators are worried that the recent emphasis on making U.S. capital markets more competitive could lead to the pre-emption of their power by federal regulators.
BOSTON — Institutional investors that shun potential money manager candidates because of below-median returns could be lowering their odds of picking a long-term winner, research from investment consultant DiMeo Schneider & Associates LLC shows.
WASHINGTON — The Department of Labor has put the issue of enhanced 401(k) fee disclosure on its agenda, a move that could take some of the wind out of the sails of a legislative threat.
HUNTINGTON BEACH, Calif. — For fixed-income investors, few words cause more fear in the over-the-counter-credit-derivatives market and its whopping $26 trillion notional value than “default” and “bankruptcy.”
By OTTAWA — The minority Conservative government’s budget, released last Monday, drew immediate fire from two Canadian opposition parties, the Liberals and New Democrats.
NEW YORK — IBM Corp.’s announcement that it will offer financial planning services to all 127,000 of its U.S. employees is the biggest sign yet that companies are increasingly interested in providing workers with more individual — and effective — counseling on financial topics.
HUNTINGTON BEACH, Calif. — For asset managers, forecasting whether the Federal Reserve will cut U.S. interest rates for the first time in four years might become a little easier, thanks to a budding derivatives contract.
LONDON — If you can’t beat it, trade it. That approach toward volatility is increasingly making inroads among institutional investors, including pension funds such as the $275 billion Stichting Pensioenfonds ABP of Heerlen, Netherlands.
Merrill Lynch & Co. analysts are mad as hell that people are simultaneously belittling and stealing their investment ideas, according to Crain's New York Business.
Morgan Stanley today posted a 69% increase in first-quarter profits on strong advisory fees from higher trading levels and increased investment banking fees.
OptionsXpress Holdings Inc. announced today that it promoted its chief financial officer to the role of president and its chief operating officer to the role of executive vice-chairman, according to published reports.
NEW YORK — Just as Federal Reserve monetary policymakers will use economic data to determine what to do with the federal funds rate this week, financial advisers and asset managers rely on such data to pick investments.
WASHINGTON — The possibility of limiting pension fund involvement in hedge funds was raised last week by legislators and hedge fund industry representatives at a hearing on Capitol Hill on how much risk hedge funds pose for financial markets.
IRVINE, Calif. — In an expected move, Wachovia Securities LLC this month launched a client loyalty program called 4front.
Merrill Lynch & Co. Inc. is planning to increase the scope of its Indian private banking business, with a focus on providing financial services to that country’s growing wealthy population, according to the Economic Times in India.
OTTAWA — The Certified General Accountants Association of Canada has addressed the subject of a national securities regulator and has offered up suggestions about how it should work.
Opponents of a merger between the regulatory operations of NASD and the New York Stock Exchange haven’t given up on their efforts to stop the deal.
SAN FRANCISCO — In need of an alternative to lackluster Treasury bond performance, financial advisers are helping a high-yield and low-profile cash product go mainstream.
