Mary Jo White's SEC is paying close attention to how broker-dealers sell alternative investment products such as nontraded real estate investment trusts, and is performing a “deep dive” in its exams, according to a senior compliance officer of a leading IBD.
More Americans than ever converted their tax-deferred IRAs into Roth plans in 2010, led by IRA holders with annual incomes exceeding $1 million. Advisers successfully pitched the switch as a pay now, save later strategy.
Risks of the strategy can be great the returns even greater.
In seeking to stop Mohamed El-Erian from leaving Pimco, Bill Gross told him 'hell no.' It didn't work and now Pimco must revisit its succession plan as its struggle to move beyond bonds continues.
<i>Breakfast with Benjamin:</i> Apple's earnings will be a focus, but the big question for CEO Cook will be about Carl Icahn. Plus, the emerging markets rout isn't over, why it might be too early to buy the dip, Janet Yellen's Job One and who won big at Sunday night's Grammy Awards.
Weak earnings combine with currency volatility send investors to the exits
Bond King Bill Gross will remain as chief investment officer, parent Allianz says.
<i>Breakfast with Benjamin:</i> Will Obama's 'myRA' work? Plus, finding the biggest divident payers, don't bail on stocks now, what you need to know <i>today</i> and enough, already, with the polar vortex.
But given their high fees and so-so returns, you may be better off avoiding them
Bill Gross' love affair with Brazil is ending after 10 years as his bond bets sour from a steep drop in the local currency. The bond king cut Brazil bond holdings in his Total Return Fund to below 4%.
