Displaying 115 results
Finra suitability proposal raises hackles of those in the fixed-annuities industry
The Financial Industry Regulatory Authority Inc.'s proposal to widen its purview to include non-securities products has left some in the fixed-annuities industry gnashing their teeth.
Finra may boost enforcement actions in 2009
Finra may have given broker-dealers and registered representatives a reprieve of sorts last year as the amount in fines and enforcement actions it levied against firms plummeted.
Move over, Nigerian scam
Investment advisers are among the targets of a continuing “advance fee” scam that involves bogus promises of work from the Dubai International Finance Center in exchange for a fee.
Woodbury to pry into the finances of reps, spouses
Independent registered representatives and their spouses soon could face unprecedented scrutiny into their personal finances.
More advisers turn to technical analysis
In the wake of the stock market downturn, more financial advisers are turning to technical analysis.
Blackstone president sees an economic depression
Several economic gurus have seized on the recent rebound in equities to offer a generally upbeat view on a broader recovery, waxing poetic about the emergence of “green shoots” and their general feeling that a bottom in the U.S. economy may have been reached.
Festival of hearts
Baron Financial Group LLC has turned a family affair into an annual fundraiser to help disabled adults.
Under the microscope
Clients and potential clients now have a way to check up on you.
Mutual fund managers to advisers: Don’t abandon underperforming funds
Fund managers, urging financial advisers not to pull client assets out of underperforming funds, painted 2008 as an anomaly at the Morningstar Investment Conference 2009 in Chicago last week.
Hennessee pushes for changes in the regulation of hedge funds
A day before he and his hedge-fund consulting firm were stung by the Securities and Exchange Commission with $815,000 in fines and penalties, a major figure in the hedge fund world started his own effort to change hedge fund audits.
Wall Street’s world turned upside down
The day of reckoning has come for the financial services industry.
Planners urge enforcer role for CFP Board
With regulation of the financial planning industry all but a certainty, a coalition of industry groups is cobbling together a proposal to make the Certified Financial Planner Board of Standards Inc. the rule setter and enforcer for the nation's hundreds of thousands of unregulated planners.
Arbitrations cost Morgan Keegan big
Investors who are battling Morgan Keegan over the blowup of its bond funds are on a hot streak, with a former Major League Baseball all-star among the recent arbitration winners.
American Express, Ameriprise face suit
Ameriprise Financial Inc. franchisees are filing a class action against American Express Co. and Ameriprise Financial Inc. for violating their franchisee agreements.
Schwab gains, Citigroup plummets
Charles Schwab reported that its third-quarter net income increased sixfold. Meanwhile, earnings at Citigroup fell 57%.
