A reported pricing probe by the Securities and Exchange Commission is just the latest 'oh no' moment for the muni bond biz
Two broker-dealers have emerged as early winners in the fight over the 400 representatives affiliated with QA3 Financial Corp., which officially shut down Friday
Securities Service Network Inc. is the latest broker-dealer to pull the plum out of the pie of the defunct <a href= http://www.investmentnews.com/section/broker-dealer-data-profile&R=290006&Y=2009 >QA3 Financial Corp.</b>
Will serve as managing director for firm with $7.1B in AUMs; outfit started out as John D.'s family office in 1882
Pitkowsky and Trauner unveil concentrated Goodhaven Fund; 'don't need to create an empire'
Rejiggered, standalone line of business now reports directly to the CEO; meanwhile, investment product management boss departs
Firms with $1B in assets under management would be subject to the proposed rule; 'unintended consequences'?
Execs at wirehouses may say their businesses are not threatened by RIAs, but assets managed by independent, fee-based advisers are surging
Kenneth Griffin's hedge fund cuts holding from 27% to under 20%; hedgie injected $2.6B into brokerage three years ago
Get a horse: Analyst say cost of crude could top $220 a barrel due to unrest in Libya, Algeria
Lawyers cite risk of information overload; 'confusing' to participants
Company says O shares won't have front-end load, making them cheaper than other contracts; will likely discourage exchanges
It's been a rough patch for QA3. The indie B-D has battled an insurer over coverage for lawsuits. In January, the firm lost a sizable arbitration claim filed by an elderly couple. And now, the final blow: an internal e-mail from boss Steve Wild says the brokerage will cease operating on Friday.
More detail? Less detail? Groups disagree about the DOL's plan to hike disclosure about the funds
Rule requiring greater disclosure draws fire from retirement plan providers
Protests -- and worries about contagion -- send price surging
In a speech to Wall Street today, President Obama talked of a "failure of responsibility" in Washington and on Wall Street. But the financial sector is the most regulated part of the economy, so surely responsibility lies mostly with Washington.
Fleming's comp package included $1.4M in cash, and nearly $4M in deferred cash; took over at brokerage in January
Adviser Investments purchasing Kobren Insight; said to be management buyout
Trust levels remain less-than-encouraging; community banks remain highly regarded
