by
Jim McConville
New Jersey officials have sued a Jersey City-based investment firm and its executives,
charging them with defrauding investors and raising approximately $12
million by selling unregistered...
by
Dorothy Hinchcliff
Morgan Stanley may close up to 100 offices in its retail brokerage
network as part of a larger cost-cutting effort aimed at raising profit
margins.
E*Trade Financial Corp., a brokerage that came under pressure from its
biggest shareholder to seek buyers, said CEO Steven
J...
by
Karen DeMasters
Ninety percent of Americans plan to change their investment
and savings strategies in the next six months, mostly because of concern about
the upcoming presidential election, says a new Edward...
by
Jim McConville
Independent brokerage industry veteran John Simmers is spearheading a group of industry executives that has acquired Calton & Associates Inc., a small sized broker-dealer and RIA.
Knight Capital Group Inc. CEO Thomas Joyce said in a
letter to clients yesterday the firm is "in good standing" with
clearinghouses and its broker-dealer units have sufficient capital.
Startups that help people rent their houses and cars to strangers have proliferated on the Internet, but insurers have been slow to provide coverage to them.
by
Jim McConville
Nearly half of investors find guaranteed income investments appealing
but many advisors don't recommend them, according to a report published
today by NFP Advisor Services Group.
Many 20-to-34-year-olds are wary about buying homes, cars and other big-ticket items after entering
adulthood in the deepest recession and weakest recovery since World War
II.
The S&P 500 Index snapped a three-day advance amid
disappointing corporate results and after Federal Reserve Bank of Dallas
President Richard Fisher said adequate economic stimulus is in place.
by
Karen DeMasters
A recent Department of Labor ruling on multiple employer retirement
plans prohibits RIAs from creating and administering plans for a group
of unrelated employers.
by
Jim McConville
The SEC is seeking sanctions against
a former Michigan broker who allegedly misappropriated an
estimated $300,000 from two brokerage customers that he then used to pay
his own personal...
by
Karen DeMasters
More than one quarter of those 65 to 69 years of age fear their
community will not have the resources to help them remain
independent for the next five to 10 years, according to a
newly...
by
Dorothy Hinchcliff
Scottrade's FocusShares, a family of 15 low-cost exchange-traded funds,
will be liquidated later this month, less than 18 months after they were
launched.
by
Jim McConville
AdvisorShares, a sponsor of actively managed exchange-traded funds, has rolled out the QAM Equity Hedge ETF.
by
Karen DeMasters
Fidelity Investments added 522,000 defined contribution plan
participants and $25...
Wal-Mart Stores Inc. is the new gold.
Identity thieves may claim $21 billion in fraudulent tax
refunds over the next five years, according to an inspector general report...
by
Jim McConville
Schwab Advisor Services is expanding a
practice management consulting program for client RIAs that is aimed at helping them grow and manage their businesses.
MetLife Inc., the insurer seeking an exit from banking to limit U.S.
regulation, was penalized $3...
