NEW YORK — Sick and tired of complying with an increasingly complex regulatory framework, many financial advisers knowingly sidestep their firms’ compliance policies and sometimes show little regard for rules and regulations, according to a new survey of advisers and other financial services professionals.
One-third of investment management firms will increase their use of outsourcing over the next two years.
Pioneer Investments today has launched the Pioneer Diversified High Income Trust.
Nasdaq Stock Market Inc. has agreed to buy Nordic markets owner OMX AB for $3.7 billion, after failing on an earlier bid to purchase the London Stock Exchange.
The Federal Reserve Board will consider new regulations to tighten mortgage-lending standards, said Fed chairman Ben Bernanke in a letter released Friday.
Merrill Lynch & Co. has trimmed employees’ sick days from 40 to 10, according to an internal memo.
JPMorgan Asset Management is now the world’s largest hedge fund managers, according to Alpha Magazine’s 2007 list of “The Hedge Fund 100.”
Eaton Vance Corp. reported a 42% fall in profits for the<br>second quarter today.
Ben Weston, chief of hedge fund development at Merrill Lynch & Co. Inc., has left the company.
Two hedge fund managers have joined forces with scientists to launch a $1 million prize for cancer research.
