Famed financial adviser Donald DeWaay Jr. has reached a settlement with the Labor Department over retirement plan recommendations. The total could top $500,000. Darla Mercado reports.
Major stock market indexes wrapped up their worst week since 2012 with more losses on Friday as investor concern over too-high stock prices sent them to the exits. With the S&P 500 erasing its gains for the year and earnings season just starting, is the long-awaited correction at hand?
Earlier this month, Puerto Rico sold $3.5 billion in bonds but since the sale, some of the bonds have changed hands at less than the minimum amount for some investors. Finra is taking a look.
Fund company says while there's “room for improvement,” commonwealth "moving in the right direction."
Broker-dealer mergers and acquisitions continue to sizzle as Sterne Agee Group agreed to acquire midsize independent broker-dealer WRP Investments.
Tech stocks are off sharply but one technical strategist is advising clients not to buy the dip. Here's why.
Investors' fear of rising interest rates is driving down shares of companies like Lockheed Martin, which makes the F-16 Fighting Falcon fighter jet, that pay high dividends. Some strategists suggest keeping at least a little exposure to these stocks as a bond substitute.
As much as $21.3B in client assets shifted in the first quarter. Check out the biggest adviser moves over the past three months. <i>(Don't miss what's happening beyond the headlines: <a href="http://www.investmentnews.com/article/20140410/FREE/140419989" target="_blank">Billion-dollar teams warm to indie market</a>)</i>
Bank of America Merrill Lynch should be able to top 30% pretax profit margins as retirement demographics and other tail winds help boost the business. But how it will team its brokerage and banking operations is an open question.
Verdict may increase pressure on colleague to cooperate in investigation of founder Steven A. Cohen.
