Late last year, CLS Investments LLC and RegentAtlantic Capital LLC began laying off employees in anticipation of a drawn-out revenue slough.
In the wake of the economic crisis, the majority of Americans have lost their confidence in their families' future, a recent survey shows.
The latest iteration of social and religious investment screens hit the market on the last trading day of June with the launch of the JETS Dow Jones Islamic Market International Index Fund (JVS).
When Ben Marks set up shop as an independent registered investment adviser in November, he wasn't ready to give up the commissions that helped support him for more than a quarter century at large brokerage firms.
Like businesses across the financial services industry, clearing firms are feeling the pressure and the strain from the historic market downturn. It is a difficult and competitive business environment for the firms, which are key partners to broker-dealers, clearing and settling transactions for them and their representatives.
Recent raiding at broker-dealers has sparked ugly and bitter feuds and led to significant damage awards, and financial industry attorneys and experts see more cases in the offing.
Investors should prepare for a roller-coaster ride for the rest of the year as equity markets struggle to make headway.
Draft legislation that would give the Securities and Exchange Commission the authority to require brokers who give investment advice to act as fiduciaries was sent to Capitol Hill today by the Treasury Department.
Confidence among U.S. consumers this month fell to the lowest level since March, according to the Reuters/University of Michigan preliminary index of consumer sentiment.
Shareholders of 13 Fidelity funds will vote next week on a non-binding resolution that asks the funds' boards of trustees to establish a policy of so-called genocide-free investing.
The Conference Board Measure of CEO Confidence in regard to economic conditions improved during the second quarter, jumping to 55, from 30 the previous quarter.
Ross Mandell, chief executive of Sky Capital Holdings Ltd. of New York, and five other individuals turned themselves in to the FBI this morning and will be charged with securities fraud, according to published reports.
World stock markets fell while oil prices slipped again Wednesday amid mounting worries about the speed of any global economic recovery just as the U.S. second-quarter earnings kicks off.
Morgan Stanley last month suffered a $1 million loss in an arbitration case charging that the firm had “blindsided” a small regional broker-dealer, Strand Atkinson Williams & York Inc., “by a swift and crippling raid” of senior management and top-producing brokers.
