The Security Benefit Group of Companies today announced it will acquire Rydex Investments.
Former SEC chairman and activist trader Richard C. Breeden is seeking three board seats at H&R Block.
Bear Stearns has selected Thomas Marano, head of its mortgage unit, to help save one of its troubled hedge funds, published reports said.
Woodbury Financial Services, a top twenty independent-contractor broker-dealer, has promoted Walter White to president of the firm.
The EEOC has sued Merrill Lynch on behalf of an Iranian national who alleges that the bank discriminated against him.
The U.S. Supreme Court has agreed to hear a dispute on whether a tax code allows trusts to claim a full deduction for investment management fees.
Cantor Fitzgerald of New York is entering the alternative asset management arena.
Limiting deductions for state and local taxes could pay for reforming the alternative minimum tax.
UBS has been accused of "dishonest and unethical" practices in dealings with hedge fund advisers.
Hedge fund management company Simpson Capital, its owner and head trader have been sued by the SEC.
