Inability to meet Finra's net- capital requirements will force more small and independent broker- dealers to shut down this year.
You'd think $3M or so in investible assets would make a person feel rich. Not so, say the well-off.
Judging by the results of <i>InvestmentNews</i>' 2010 Industry Attitudes survey, the financial crisis and market crash seem to have changed the behavior of financial advisers and clients for the better
Wealthy pocket savings, research finds; stock market biggest factor in affluent's spending habits
DJIA could drop as low as 8,000, says famed forecaster; in a lather over head-and-shoulders pattern
Connecticut's insurance regulator yesterday shot back at critics of insurers' use of so-called retained asset accounts.
In an apparent first for the retirement industry, John Hancock Retirement Plan Services is now offering 401(k) participants a choice between target date funds that plan for investments “to” retirement and “through” retirement.
Montana Commissioner of Securities Monica Lindeen has announced a nearly $1 million settlement with a Seattle-based securities firm for a Ponzi scheme operated by one of its brokers.
Last weeks plunge in U.S. stocks triggered a technical indicator known as the Hindenburg Omen that may signal a more severe selloff, according to analysts who follow charts to predict market moves.
Wilmington Trust Corp. reported a wider-than-expected second-quarter loss of $116 million, or $1.33 a share, thanks largely to souring construction loans that continue to plague the regional bank.
New York Life Insurance Co. was the top seller of fixed annuities during the second quarter, with $1.74 billion, according to Beacon Research Publication Inc.
Investors face defaults on government bonds given the burden of aging populations and the difficulty of increasing tax revenue, according to a Morgan Stanley executive director.
Corporate-governance experts think that seven proposals designed to make Finra disclose more information and give members a say on executive compensation may never be implemented — even though 67% of Finra member firms that participated in the vote approved them.
JPMorgan Chase & Co. had a big third quarter, with profits spiking by 23% -- but it also appears to have had a successful quarter, and year, recruiting financial advisers.
One of the owners of the defunct oil and gas dealmaker Provident Royalties LLC has pleaded guilty to conspiring to defraud investors in a $485 million scheme that ensnared dozens of independent broker-dealers.
Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., said the U.S. should consider “full nationalization” of the mortgage- finance system.
A London-based provider of exchange-traded funds is planning to launch 18 commodities-based ETFs and a precious-metals basket ETF.
U.S. stocks retreated, with the Standard & Poor's 500 Index poised for the lowest close in a month, as jobless claims increased to the highest level since November and an index of Philadelphia-area manufacturing fell.
The industry-sponsored group that oversees stock brokers fined Merrill Lynch $500,000 Wednesday for failing to provide sales charge discounts to eligible customers on certain investments.
