On March 31, Treasury Secretary Henry Paulson released the Treasury's "Blueprint for a Modernized Financial Regulatory Structure."
Expanding into what some industry observers see as a significant growth area, Sentinel Asset Management Inc. last week launched two funds focused on socially conscious investing.
The Pittsburgh-based money manager reported that its preliminary net income rose to $55.8 million, or 55 cents per share.
Service providers to 401(k) plans should not be required to be fiduciaries of the plans, the Department of Labor is being told.
"Rep-as-adviser" programs are gaining interest among brokerage firms as an alternative to the banned fee-based brokerage accounts, according to a report by Cerulli Associates Inc.
Baillie Gifford Overseas will be added as an adviser to its $6.9 billion Global Equity Fund and the $980 million Growth Equity Fund.
Headstart Advisers and its chief investment adviser, Najy N. Nasser, reaped $198 million in illicit profits, the SEC alleges.
Fueled by a drastic jump of 9.1% in petroleum import costs, the price of imports increased 2.8%.
The RBC CASH Index fell to 29.5 in April, down from 33.1 in March — an all-time low since it made its debut in January 2002.
Zurich Financial Services announced that it is cutting 400 jobs at its North American business insurance unit.
