Finra censures Amerprise after the firm purportedly discovered a broker who was allegedly forging client signatures -- but failed to boot him out of the company for over two years.
Connecticut's insurance department yesterday kicked off an inquiry into insurers' payments of death benefits and the steps the insurance companies take to locate beneficiaries.
Investors are continuing to stampede out of tax-exempt muni bond funds, but they probably shouldn't, according to Gary Pollack, Deutsche Bank AG's head of fixed-income trading
Following a quarter in which it sustained nearly $13 billion in net outflows, Legg Mason Inc. is reorganizing its senior ranks
Insurers are girding for a flurry of questions about their risk management from broker-dealers and advisers whose interest has grown following the economic bust.
In a huge turning point for Securities America, the besieged brokerage and attorneys representing investors have purportedly agreed to settle lawsuits arising from the sale of soured private placements
In an e-mail sent to brokers Friday evening, Securities America said crucial negotiations with investors suing the B-D could lead to a final resolution of the dispute. Without such an agreement, the brokerage -- and its 1,800 reps -- may be facing the end of the line.
A report today indicated that Ameriprise 'may' let Securities America go under. But sources tell InvestmentNews that plaintiffs lawyers have just made their first settlement proposal to Ameriprise.
Steve Kluever has parted ways with Jackson National Life Insurance Co., joining The Hartford Financial Services Group Inc. and heralding a new push in variable annuity development for the insurer
Neal Smalbach was fired by a broker-dealer in 2008 for selling securities while he was unregistered, an infraction that got him suspended by the Financial Industry Regulatory Authority Inc. for six months, according to the organization's BrokerCheck system.
Gregory Vaughan has the demeanor of your favorite college professor — accessible, attentive and humble
Animal lovers now have their own socially screened stock portfolio to cuddle up with — without the fear of fur balls, ticks or fleas
Workers often leave 401(k) accounts with former employers for no good reason, survey finds; advisers missing a trick
Securities America reported an ugly $115 million loss in the first quarter, which may not seem overly appealing to potential buyers. Then again, most of the red ink was due to litigation costs. And with the B-D's legal troubles seemingly behind it, the brokerage could be poised for better days.
Gas isn't the only thing that is getting more expensive. eying
Revenues up, net new assets up, custody business up. It's hard to find much that went wrong for the discount brokerage in the first quarter of the year.
A Fidelity survey finds advisers and brokers are still striking out on their own. And they're taking more and more of their assets with them when they leave.
