Two former Wachovia Securities brokers tricked dozens of mostly elderly clients into investing in what were supposed to be can't-miss opportunities, only to lose roughly $8 million, according to a lawsuit filed by the Securities and Exchange Commission.
Pimco's Bill Gross, manager of the world's largest bond fund, said the Federal Reserve is unlikely to raise interest rates for several years with employment growing less than forecast.
In the final installment of this four-part series, <i>InvestmentNews</i> examines how advisers' relationships with 75+ year-old clients is changing considerably.
The U.S. House set a vote for tomorrow on Democrats' plan to extend middle-class tax cuts as congressional and Obama administration negotiators started talks aimed at forging a bipartisan compromise.
JPMorgan Chase & Co., Bernard Madoff's “primary banker,” was sued for $6.4 billion by the trustee liquidating the imprisoned con man's former firm.
Limits sales of VA product to company's reps; Big Three getting bigger
Morgan Stanley, the sixth-largest U.S. bank by assets, has told some employees to expect investment banking bonuses to decline 10 percent to 30 percent, according to two people briefed on the matter.
Lost in the “noise” of the year-end soothsaying contests are some simple lessons on investing.
