Bridgewater Associates, the world's biggest hedge fund, intends to build
a $750 million headquarters financed partly with state aid in Stamford,
Connecticut.
Swiss banks are turning over thousands of employee names to U.S.
authorities as they seek leniency for their alleged role in helping
American clients evade taxes.
Moore Capital Management LLC, the hedge fund that had boosted its
JPMorgan Chase & Co...
California's largest offering of short-term notes in two years attracted $3.24 billion in orders from individual investors.
Americans this month were the most pessimistic on the economic outlook
since late last year as fuel prices rose and unemployment remained
elevated.
by
Jim McConville
The demand for variable annuity products is expected to remain strong,
and advisors' interest in these vehicles shows no sign of waning despite
recent volatility in the VA market, according to a...
by
Karen DeMasters
Financial exploitation of seniors is reaching epidemic proportions and
seniors do not have the necessary information to fight back, according
to a new survey on fraud perpetrated on the elderly.
by
Jim McConville
The SEC today charged a Denver-based
company and two Colorado residents with conducting a $15.7 million Ponzi
scheme that involved 120 investors nationwide.
Bats Global Markets Inc., the third-largest U.S. stock exchange
operator, plans to create a program to draw orders from individuals to
one of its two markets.
by
Jim McConville
More Americans are using their long-term savings to pay today's bills
and risking a delayed or financially insecure retirement, says Eleanor
Blayney, consumer advocate for the CFP Board.
The Federal Reserve Bank of New York president said new rules are
needed to protect the financial system from a run on money-market mutual
funds, lending his support to a regulatory overhaul...
by
Jim McConville
Investors Capital Holdings Ltd. posted net income of $261,682 for its
first quarter ended June 30 compared with a $1.3 million loss for the
same period last year, company officials have...
The S&P's 500 Index may reach 1,500 this year as the
economy picks up momentum in the fourth quarter, according to Byron
Wien, vice chairman of Blackstone Group LP's advisory services unit.
Billionaire investors George Soros and John Paulson increased their
stakes in the biggest exchange-traded fund backed by gold as prices
posted the largest quarterly drop since 2008.
by
Karen DeMasters
Bridgeworth Financial, one of largest financial planning firms in Birmingham, Ala., has left Lincoln Financial to
join LPL Financial.
Junk-bond buyers
are giving up the most yield in seven months to own the biggest,
most-easily traded securities as they increasingly hedge their bets that
the three-month rally will continue...
by
Ray Fazzi
Wells Fargo has agreed to pay $6.5 million to settle SEC charges that
its brokerage firm improperly sold mortgage-backed securities to
municipalities, non-profits and other customers.
Knight Capital
Group Inc...
by
Dorothy Hinchcliff
Independent broker-dealer Berthel Fisher & Company Financial
Services Inc. has gained $450 million in AUM in a
deal that gives it 26 registered representatives from a Dallas
broker-dealer.
by
Jim McConville
Republican presidential candidate Mitt Romney is heavily favored among
independent financial advisors, with 81% picking the former
Massachusetts governor as their candidate of choice, according...
