Associated Press

Associated Press
Displaying 536 results
NEWS BROKER DEALERS JUN 15, 2010
LPL hit with class action over broker's sale of annuities

A pair of Nebraska investors have filed a class-action lawsuit against LPL Financial, saying that one of the company's brokers misled them about the costs and benefits of annuities.

Ameriprise reports big jump in 1Q profit
NEWS INDUSTRY NEWS JUN 15, 2010
Ameriprise reports big jump in 1Q profit

Fund manager sees 65% boost in profits in the first quarter -- thanks to rising stock prices, positive asset flows

NEWS INDUSTRY NEWS JUN 11, 2010
Money fund assets rose to $2.84T last week

Total money market mutual fund assets rose by $740 million to $2.841 trillion for the week, the Investment Company Institute said Thursday.

YOUR PRACTICE PRACTICE MANAGEMENT JUN 11, 2010
Fear factor: Advisers calming rattled clients

Financial advisers find themselves dispensing calming words and holding hands with uneasy investors as the stock market extends its biggest decline in more than a year.

NEWS WIREHOUSES JUN 11, 2010
Merrill Lynch adviser at center of Oklahoma hoops investigation

Big trouble for Tiny Gallon? The Oklahoma athletic department is said to be looking into allegations that the Sooners' star basketball player received money from a financial adviser

NEWS INDUSTRY NEWS JUN 11, 2010
Michigan coach Rodriguez sued over $1M loan

Michigan coach Rich Rodriguez has been sued along with several business partners by a company that says it has yet to be repaid for a $1 million loan.

NEWS INDUSTRY NEWS JUN 10, 2010
Buffett, Gates urge billionaires to give half their money to charity

Microsoft Corp. co-founder Bill Gates and billionaire investor Warren Buffett are launching a campaign to get other American billionaires to give at least half their wealth to charity.

NEWS REGULATION AND LEGISLATION JUN 10, 2010
SEC proposes uniform 'audit trail'

The Securities and Exchange Commission proposed, on a 5-0 vote, requiring exchanges to keep records of trading orders from start to routing to execution

Tax-credit proposal would buy homebuyers more time
NEWS REGULATION AND LEGISLATION JUN 07, 2010
Tax-credit proposal would buy homebuyers more time

The clock is running down on home purchasers looking to qualify for a hefty tax break. But a new proposal in Congress would cut these buyers -- and those who lend to them -- a little slack.

Goldman judge sent Bernie Ebbers to jail for 25 years
NEWS REGULATION AND LEGISLATION JUN 07, 2010
Goldman judge sent Bernie Ebbers to jail for 25 years

Barbara Jones sentenced the former WorldCom boss to a long stretch in prison. But attorneys say she's lenient to those who cooperate