Former Credit Suisse Group AG broker Eric Butler will remain free while a judge reviews a decision that ordered him to prison during the appeal of his conviction for fraudulently selling securities that cost investors more than $1.1 billion in losses.
Waddell & Reed Financial Inc., the mutual-fund manager started in 1937, said it didn't intend to disrupt markets on May 6 when the plunge in stocks temporarily erased more than $1 trillion of value.
Many financial planners are in the dark about ways to help clients boost their monthly government checks. That needs to change, says one expert.
The following is an investment strategy column by Jeffrey D. Saut, managing director at Raymond James & Associates Inc.
Putnam Investments is planning to launch a mutual fund with a guarantee in the first quarter of next year.
The software billionaire's father is spearheading an initiative to impose a state tax on Washington's wealthy
Investors should plan now for when and how financial decisions should be made if they become impaired, says investment strategist and professor Andrew Lo.
There's a rollercoaster on Wall Street right now. And it's making retail investors and financial advisers downright queasy. But to one money manager, short-term stock market volatility represents pure opportunity.
Under current law, the Medicare payroll tax applies only to wages.
The Committee for the Fiduciary Standard takes a different tack in its bid to eliminate the broker-dealer exclusion
The prospect of tough new regulations in Europe has hedge funds hopping on the 'Ucits' bandwagon. But questions about liquidity, custody dog these collective-investment vehicles
17 of Fortune 100 companies provide death benefits for heirs of top execs. Omnicom stockowners are just the latest to vote down a 'pay-for-no-pulse' proposal
Dr. Doom says bond traders may start unloading government paper -- and, in turn, drive the price of borrowing up
With the dollar losing the 'negative beauty show' to the euro, the Nobel laureate doesn't see the job picture improving until the middle of the decade
Note to independent advisers: It's time to measure yourselves against a bigger stick.
Financial services company with troubled past changes corporate name; 'new beginning'
The Securities and Exchange Commission hasn't contacted Citigroup Inc. or Morgan Stanley about their sales of collateralized debt obligations or other securitized vehicles in the wake of its charges that The Goldman Sachs Group Inc. engaged in fraud in the sale of such securities, according to executives at the two firms.
Morgan Stanley, in its first profit report under Chief Executive Officer James Gorman, posted earnings that beat analysts' estimates as fixed-income trading revenue more than doubled from a year earlier.
In 2008, the S&P 500 fell 37%. University endowments fared somewhat better, losing 18.7% of their value. Student-managed assets, on the other hand, shrank by a mere 16.2%, according to <i>InvestmentNews</i> research.
