Broker-dealers have been engaging in sales practices for structured securities products that hurt retail investors, according to an SEC report.
Neuberger Berman Group LLC, the money manager that was part of Lehman Brothers Holdings Inc., was ordered by an industry regulator to pay about $4 million to three clients who bought structured notes backed by the failed investment bank.
A proposal to cut Social Security costs and raise tax revenue by changing the way the government measures inflation ran into opposition from Democrats and Republicans.
Estimated net flows, Jan. 1-June 30, 2011. (Source: Morningstar)
In the initial year of Dodd-Frank, which reaches its first anniversary Thursday, regulators overseeing banking, commodities and securities have been pressed to conduct 73 studies and write 400 new rules. As of July 1, only 38 of those rules have been finalized.
Federal Reserve Chairman Ben S. Bernanke's assets may have declined in 2010 even as the stock market improved.
Barclays Wealth may boost its bullish stance on developed-market stocks by reducing its cash investments as economic growth strengthens in the remainder of this year, according to its chief investment strategist.
The Standard & Poor's 500 Index is falling toward a key level that, if breached, may mean the gauge will tumble further, according to Ryan Detrick of Schaeffer's Investment Research.
Thomas Soviero has replaced Ken Heebner at the top of the mutual fund rankings.
