They now face up to 230 years each in prison and fines of up to $46 million, according to the Department of Justice.
Regulators and participants are strengthening market discipline but oversight is still needed, the report says.
It's early in the game, but independent advisers appear to be winning the competition to lure retirement assets, according to the management consulting firm McKinsey & Co.
The Financial Industry Regulatory Authority Inc. is drawing the ire of some brokerage firms by partnering with the AARP — a group that some in the industry see as a competitor.
The process could come to a favorable conclusion for the bond insurer early this week.
Managed accounts aren't popular default options in 401(k) plans, because fees are too high for plan executives to justify, leaving them concerned about fulfilling their fiduciary responsibility, experts say.
After a sputtering start, the green revolution appears to be steadily making its way into corporate boardrooms.
At a time when recession fears are rattling the stock market, some financial advisers are looking to trees for growth.
The Vanguard Group Inc. has slashed costs on five more exchange traded funds in its latest effort to play catch-up with Barclays Global Advisors.
The gross domestic product will rise by just 2.9% in 2008, according to economists polled by NABE.
