Another small broker-dealer has been shut down, with this one owing $1.2 million in damages and legal fees imposed on it in a recent arbitration decision.
After her mother died, Jasmine Williams was assured by MetLife Inc. that her $101,819 in life insurance benefits were safe and was sent what the company called a guaranteed money market “checkbook” in 2002.
Global economic conditions are now favorable for gold as a safe-haven investment.
Gold, which reached a six-week high in New York today, may gain as signs of a slowing economic recovery and a weaker dollar increase demand for the metal as a protection of wealth.
Eric Mindich's $13 billion Eton Park Capital Management LP led hedge funds in raising gold investments last quarter, joining billionaire John Paulson's bet that bullion will increase amid inflation concerns.
The Charles Schwab Corp. and Charles Goldman have agreed to meet with a private mediator next month to discuss the former executive vice president's demand for $736,000 in severance pay following his dismissal in 2008 as head of the firm's RIA business.
Once bidding starts for N.Y. plan, investor fees will likely fall; 'egregiously overpriced'
Almost two years after Lehman Brothers Holdings Inc.'s failure caused world markets to seize up, Pacific Investment Management Co. is planning a fund that will offer protection to investors against market declines of more than 15 percent.
The tax impact on carriers will encompass about 1% to 2% of their total earnings, assuming an annual tax of about 4 basis points.
The suit is one of several arising between Edwards and its successor firms and Stifel as a number of Edwards brokers deserted ship in the wake of the 2007 takeover of Edwards by Wachovia Securities LLC.
Janus Capital Group Inc., owner of the Janus, Intech and Perkins funds, missed analysts' estimates by a penny after investors withdrew more money than expected from its quantitative investment unit.
Finra arbitrators have ordered a securities analyst who claims he was wrongfully fired by Rodman & Renshaw LLC in 2006 for attempting to lower a stock rating to pay the broker-dealer $10.7 million in damages.
Relative to the low yields of bonds, the stock market is attractively valued, according to Tom Perkins, manager of the $81 million Perkins Large Cap Value Fund Ticker:(JAPIX) and the $12.4 billion Perkins Mid Cap Value Fund Ticker:(JMVAX).
Mark Palmer, a Charles Schwab & Co. Inc. executive, today was named national sales manager at Cetera Financial Group, the broker-dealer network owned by private-equity firm Lightyear Capital LLC.
Ineffective government policy and a lack of clarity on the direction of the economy make the case for a defensive investment strategy, according to Cleo Chang, manager of the Direxion/Wilshire Dynamic Fund Ticker:(DXDWX).
While those of us who are mired deep in the minutia of the recruiting wars feel that the environment is as hot as ever, the trade press reporters who have called me have been asking why the movement has slowed. What's going on?
Stock market volatility has caused some advisers to shy away from the sexiest life insurance policies — variable universal life and variable life — and to steer clients to a tamer cousin, universal life.
The Roth recharacterization provides one of the few second chances in the tax code. In essence, it's a do-over.
Lawmakers have given the SEC twelve months to perform a slew of studies and propose scores of rule changes. Can it meet the deadlines? Probably, if the agency's plumped-up budget gets approved by Congress-- and soon. That's a big if.
