One culprit driving volatility is the “significant increase in the number and impact of 130/30 funds,” according to the Security Traders Association.
Plus Money and its principal allegedly raised $30 million from approximately 300 investors.
The Fair Fund distribution concludes the saga that began when the insurer was accused of falsifying financial statements.
Most everyone in the financial industry wants to move from paper to electronic documents, but firms that have rolled out systems to do so — and the broker-dealers providing technical assistance — agree that it will take one to three years to recoup the investment of capital in hardware, in software, and in the time needed to train staff and integrate the new systems into firms' work flow.
The Hartford Financial Services Group announced changes to its flagship variable annuity and its sales force.
Stephen J. Barrett is now senior vice president and chief marketing officer of Eaton Vance Distributors Inc.
Wealth management executives at Citigroup and UBS, two of the financial institutions hardest hit by the subprime loan crisis, are working overtime on damage control to protect their lucrative franchises.
Independent-contractor broker-dealers are gnashing their teeth over the possible consequences of an updated professional code of ethics for certified financial planners, coming this summer.
Backing up computer files is a vital but tedious way to protect a financial practice.
The time is drawing near for comments requested by the Department of the Treasury regarding changing the taxation of exchange traded notes and other prepaid forward contracts.
