Massachusetts Secretary of the Commonwealth William F. Galvin filed a complaint today to revoke the securities registration of Cohmad Securities Corp.
Providers will push forward with the development of the income guarantee paired with a unified managed account, and with other vehicles, despite hurdles.
Seeking to wrest market share from the asset management industry, life insurance executives will embark on a campaign of simplified consumer communications and stress real-life contexts for the use of their products.
Cash is king” seems to be the catchphrase in these recessionary times. From a tax standpoint, we want to maximize the receipt of cash for our clients through tax refunds and explore the possibilities of deferring tax payments to preserve cash.
After posting another massive loss today, the Swiss bank UBS AG said it will reorganize its wealth management businesses.
Advisers are admitting now more than ever before that insurers’ solvency and financial strength are at the forefront in their minds when they recommend products.
Securities litigation in the wake of the Bernard Madoff scandal could snag a whole host of investors who might have to give up whatever gains they received over the past six years, according to legal experts.
Fixing the global financial crisis will require more effective government regulation and greater cooperation among regulatory agencies around the world.
Wells Fargo & Co. is hitting back at media coverage of a Las Vegas trip for mortgage employees that the bank canceled last week.
A BNY Mellon unit bought two firms: one focused on domestic Australian equities and the other on emerging markets equities and global fixed income.
The hedge-fund-of-funds sector in Europe may lose three-quarters of its assets, compared with the beginning of 2008.
As Valentine’s Day approaches, Cupid’s arrow may snag that special partner, but be sure it doesn’t snag some financial troubles in the process.
Client interest in establishing spendthrift trusts for beneficiaries is picking up steam, partly due to the fact that wealthy clients are becoming more risk-averse, according to financial advisers.
The rising volatility of oil prices, coupled with the economic downturn, is providing something of a boost to railroad stocks.
States that have Section 529 college savings plans and the financial services companies that manage them are working overtime to make sure that advisers — who account for about 80% of their sales — remain interested in the product during the recession.
Broker-dealer firms are worried about increased audit costs in the wake of the Bernard Madoff scandal.
Private-equity investors appear to be leading the pack of likely buyers for the three broker-dealers in the AIG Advisor Group, which houses 6,571 representatives, according to a number of industry sources.
Enrollment in prepaid-college-tuition programs has soared since the financial crisis began last fall.
Mary Jo Hudson, director of the Ohio Department of Insurance, yesterday adopted three accounting rule changes that would grant insurers based there some reserve relief.
