Displaying 17 results
Merrill again faces client complaint over yields on cash
Merrill has consistently been the brokerage firm paying the lowest rates on swept cash, according to a suit filed by Merrill Edge client.
Goldman secrecy on harassment claims faces challenge
Goldman faces a vote at its annual meeting later this month on whether it should publish a report on how its mandatory-arbitration policy impacts employees and workplace culture.
ARCP class action investors get 50 cents on the dollar: Attorneys
Investors in such large class action claims typically see pennies on the dollar.
Merrill Lynch dodges high-profile gender bias suit
N.Y. Supreme Court justice dismisses a complaint from three former trainees who claimed they were given a book called “Seducing the Boys' Club” and ultimately fired out of bias.
Supremes give Schwab a boost over Finra in arbitration scuffle
A recent Supreme Court decision allowing class action waivers tips the scales in favor of Charles Schwab in its scuffle with Finra over the tactic.
When BRICs go bust, investors head toward frontier markets
Friday's menu: Where investors go when BRICs crack. Plus: How advisers can — and should — deal with male and female clients, mounting sanctions drive Russia toward China for economic help, investor class-action lawsuits spike, and saving money on travel.
JPMorgan’s Madoff missteps
Breakfast with Benjamin: JPMorgan's Madoff missteps, Prudential's bullishness, ETF inflows' lessons, gold bugs' squashed state and Kraft's Velveeta shortage warning. Plus: pot stocks vs. prison stocks.
Bill Gross compares Chinese economy to ‘mystery meat’
Breakfast with Benjamin:The Bond King: China's a big risk. Plus: JPMorgan goes on a settlement binge, finance industry tells investors to stay calm, Obama administration catches a CBO boomerang, and some healthy balance sheets for the New Year.
Back to the basics on bond funds
Breakfast with (InvestmentNews senior columnist Jeff) Benjamin: Going back to basics with bond funds; breaking down the jobs report; Wall Street confronts a big mortgage settlement; Chinese exports falter; the polar vortex and natural gas prices; and retailers' bad holiday season.
Gold hits the skids and miners dig deep
Today's Breakfast with Benjamin shines a light on the slide in gold and its impact on miners, Volcker rule tweaks, Nasdaq settling its Facebook IPO glitch, the expected drop in oil prices, and quotes to ponder
MassMutual 401(k) suit takes litigation into new territory
A recent lawsuit against MassMutual over excessive 401(k) fees raises the possibility that group annuities and stable-value products could become a focus of future complaints.
The Dow is getting dicey at levels reminiscent of 2000, 2007 peaks
Breakfast with Benjamin: The Dow is getting dicey at these heights. Plus: Lawyers get rich on Madoff's mess, Volcker rule cuts prop trading, retirement back-up plans, and rich folks are spending less this holiday season.
When undervalued stocks are expensive
How to find undervalued stocks in a bull market. Plus, Bitcoin (yes, Bitcoin) gets legit; big investors licking their chops at BofA $8.5B settlement proposal; some good news for Madoff victims; and welcome back cap gain distributions. Curated by InvestmentNews senior columnist Jeff Benjamin.
Securities America reps see closure in settlement
A federal judge's approval this month of a class action settlement is good news for representatives from Securities America Inc. whose disgruntled clients named them in arbitration complaints over sales of private placements that went bust.
Cost of settling class actions in securities cases rose in ’09
The cost of settling securities class actions increased by 35% last year, according to a report released last month by Cornerstone Research.
Morgan Keegan’s legal fees are piling up
Facing intense pressure from securities regulators and investors, Morgan Keegan & Co. Inc.'s legal fees have skyrocketed during the past two years to $251 million, leaving some industry observers shocked.
