A Seattle-area pastor has pleaded guilty to charges of wire fraud and money laundering related to a $1.6 million Ponzi scheme he ran for eight years.
It's been an up and down year for fund firms and their stock pickers. Nevertheless, a number of portfolio managers emerged as investor favorites during 2011. Here are the hottest of the hot.
The latest quarter was an enormous relief for many major money managers, which reported gains in assets under management for the three-month period ended in September, though several still saw declines from a year earlier.
Jamie Dimon, JPMorgan Chase & Co.'s chief executive, expressed frustration about how bankers have been vilified since the financial crisis began last year.
The Securities and Exchange Commission last month approved a FINRA rule governing the sale of deferred variable annuities.
Securities regulators voted last month to adopt a temporary rule allowing brokers with non-discretionary advisory accounts to continue making principal trades.
The SEC has issued a proposal to relax accounting regulations for foreign firms that trade on U.S. exchanges.
Corporate-owned life insurance would face new restrictions under a bill sitting in a House subcommittee.
Oral arguments are scheduled for Nov. 5 before the U.S. Supreme Court in a case that could affect 529 college savings plans.
Securities regulators are seeking additional input on their controversial proposal to change the minimum net-worth requirements of hedge fund investors.
