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...
Interest rates on
five-year certificates of deposit in the U.S. dropped below 1 percent
for the first time on record, according to Market Rates Insight.
by
Jim McConville
The Financial Industry Regulatory Authority (Finra) announced that it
has elected three new governors and reappointed three others at its
annual meeting in Washington D.C.
by
Jim McConville
A $300 million advisor team from from Morgan Stanley Smith Barney's office in Coral Gables, Fla., has
joined Raymond James & Associates, company officials disclosed
today.
Americans' drive
to rebuild savings and pay down debt may mean the gains from the current
mini boom in mortgage refinancing will accrue over years rather than
have a more immediate effect on the...
Julius Baer Group Ltd., the Swiss wealth manager established in 1890,
agreed to buy Bank of America Corp.'s Merrill Lynch wealth management
units outside the U.S. for about $880
million.
by
Jim McConville
Investors continued to dive into bond funds for safety in July, while
pulling money out of stock funds, according to a report by Strategic
Insight.
by Stoyan Bojinov
Global economic uncertainty still looms, but some industries can hold their ground and even thrive when times get tough.
Paul Ryan, Mitt Romney's choice for vice president, has
offered a more far-reaching reshaping of the U.S. tax system than Romney, while neither candidate has explained how
to pay for his plans.
