IRVINE, Calif. — NASD continues to tinker with a pending variable annuity suitability rule, making a fourth proposed change in almost two years.
NEW YORK — Conventional wisdom holds that it isn’t profitable to work with the low- to moderate-income market, but financial advisers across the country are developing business models that fly in the face of that supposed truism.
A year after taking over retail at Morgan Stanley — amid much skepticism — James Gorman has made believers out of most of the firm’s troops.
WASHINGTON — Members of Congress are calling for investigations into alleged long-term-care-insurance abuses just as the government is set to release its latest survey, showing a 97% satisfaction rate among policy claimants.
SAN FRANCISCO — In a world of broker-dealers that are out to poach financial advisers with large books of business, Scott Householder takes a different tack that feels like tough love to his representatives.
With the acquisition of the parent company due to close in July, the future of the storied Dreyfus Corp. still is uncertain.
Citigroup Inc. is in talks to purchase Old Lane LP, a hedge fund run by former Morgan Stanley executive Vikram Pandit for more than $600 million, according to a Wall Street Journal report.
The Greenwich Global Hedge Fund Index rose 0.98% in March, bringing year-to-date returns to 2.82%, according to a preliminary report released today by Greenwich Alternative Investments LLC.
The National Futures Association suspended Christ Investment Service LLC, a San Francisco-based introducing broker, for allegedly illegally acting as a futures commission merchant and as a counterparty to foreign currency transactions, according to the association.
IntercontinentalExchange Inc. will open a trading center in New York's World Financial Center on April 12 to serve qualified professional traders.
