Financier R.
Allen Stanford is scheduled to go on trial Sept. 12 in Houston on
charges he led a $7 billion investor fraud.
The hedge-fund tycoon and Galleon Group LLC co-founder
at the center of a U.S...
by
Dorothy Hinchcliff
The SEC plans to adjust two tests that RIAs must use to determine if they can charge performance-based fees...
by
Ray Fazzi
The SEC has accused a Washington-based firm of falsely claiming it
manages $153 million in assets, and has won a court order requiring the
firm to turn over its records.
As the impact of the financial crisis fades, a majority of ultra-high-net-worth investors are reporting increased satisfaction with their
financial advisors, according to a new survey.
by Joni Youngwirth
What do advisors do to become top producers? Learn how three successful advisors have grown their businesses dramatically.
Safra National Bank of New York was sued for at least $111.7 million by
Irving Picard, the trustee liquidating Bernard Madoff's defunct
investment firm.
At Bank of
America Corp., where the company's home-price forecasts have proved too
good to be true, billions of dollars of new losses are at stake along
with the credibility of its CEO.
Republican congressional leaders are ruling out tax increases in talks on extending the U.S.'s borrowing
authority, while Democrats want to raise more money
as well as cut spending.
The SEC is studying whether growth
of closely held companies is being hindered by limits on the number of
shareholders they can have, SEC Chairman Mary Schapiro said.
Atlantic Trust, the private wealth management division of Invesco Ltd.,
has been named the nation's top wealth management firm by the Luxury
Institute.
Federal Deposit Insurance Corp. Chairman Sheila Bair will
leave her post July 8, a week after the official expiration of her
term, the agency announced.
NFL and NBA players are lining up to get child support and alimony
payments lowered in case their
leagues shut down, according to one attorney.
by Mike Byrnes
Imagine a world where you can point your smart phone at someone and
instantly find out where to order the clothes they are wearing. Or one
where almost 50% of workers do their jobs from home.
More than 28% of U.S. homeowners owed more than their properties were
worth in the first quarter as values fell the most since 2008, Zillow
Inc. said today.
Dining out will cost more this year as U.S. restaurants take advantage
of the nearly two-year long expansion to boost prices on food and
drinks.
by
Karen DeMasters
High-profile estate planning failures by the rich-and-famous can impart a
valuable lesson to clients: Don't let this happen to you!
by Mike Byrnes
Dennis Stearns, President of Stearns Financial Service Group, spoke at
this week's FPA Retreat about the need for advisors to fire test their business
plan to withstand today's rapidly changing...
by
Eric Rasmussen
IMCA says the additional seal of approval bolsters its
flagship CIMA designation in a sea of competition.
The number of claims for U.S. unemployment benefits unexpectedly rose
last week, pushed up by auto-plant shutdowns and other unusual events.
