Finra expects to bring cases against brokerage firms involved in selling private-placement offerings next year, its head of enforcement said last week.
Fidelity Investments introduced a free online Roth IRA conversion calculator Tuesday for its independent registered investment advisers and the broker-dealer clients that clear through National Financial Services LLC.
Capitalism is still alive and well, say the world's two richest men, despite lingering shocks from the longest, deepest recession since the Great Depression.
In retirement, your paycheck might go away, but taxes won't.
Billionaire investor Warren Buffett says the economy appears to have leveled off at the bottom of the recession over the summer, but Berkshire Hathaway's CEO still isn't seeing much improvement.
Although Fidelity executives last week quelled rumors about the potential departure of president Rodger Lawson, observers noted that the larger question about the firm is who will take over when chairman and chief executive Edward C. “Ned” Johnson III, 79, retires.
In an SEC filing, Mr. Greenberg's investment vehicle, Zug, Switzerland-based Starr International Co. Inc., said it would sell the shares to UBS Securities LLC during the next three years.
Wells Fargo is seeing early signs of improvement in its lending portfolios as it reports an unexpected fourth-quarter profit.
Strong support systems — along with a mentoring culture and time management training — are just a couple of the factors that keep life insurance producers' feet planted at one company, according to a report from LIMRA International Inc.
New life insurance premium levels at banks leapt nearly 60% during the third quarter, beating the overall industry's growth for the second consecutive quarter, according to data from Kehrer-LIMRA, a subsidiary of LIMRA International Inc.
Broker-dealer firms are not providing advisers with the technology and resources they need to manage risk in their portfolios, Robert S. Kapito, president of BlackRock Inc., told attendees of the Investment Management Consultant Association's conference in New York today.
In November 2008, many investors believed we were on the edge of financial disaster. Panic was sweeping Wall Street and Main Street. The global economy was in disarray. Now, a little more than a year later, stock market values have rebounded sharply, frozen credit markets are now flowing more freely, and there is greater liquidity in the financial -system.
Kuwait's sovereign wealth fund said Sunday it booked a profit of $1.1 billion by selling the stake it took in Citigroup Inc. less than two years ago when the banking giant was strapped for cash.
Jacques Perold was named head of Fidelity Investments' $1.4 billion asset management group, which includes Pyramis Global Advisors, said Vincent Loporchio, spokesman.
A Utah judge has thrown out a lawsuit filed by two former financial advisers accusing state regulators of violating their constitutional rights by bringing securities violations against them without proof of wrongdoing.
RBC Capital Markets, the investment banking arm of Royal Bank of Canada, announced Tuesday the appointment of Blair Fleming as head of U.S. investment banking.
The natural-resources sector may still be a winning bet, despite concerns that the prices of stocks focusing on commodities and resources have run up too fast in an economic environment where demand is still slack and inventories remain high.
Focus Financial Partners, which recently completed a $50 million recapitalization to meet debt obligations and revive its business of buying interests in wealth management firms, confirmed today that it has made LLBH Private Wealth Management a full partner firm. As a partner, LLBH gets a combination of cash and equity units in Focus in exchange for giving the parent company a preferential interest in a portion of its annual revenue.
Discount brokers lost a vote of confidence from equity analysts at Goldman Sachs Group on Monday. In a report, Goldman cut its recommendation on TD Ameritrade Holding Corp. (AMTD) to neutral from buy, and lowered its price target to $21 from $24. It kept its ratings on The Charles Schwab Corp. (SCHW) and E*Trade Financial Corp. (ETFC) at “sell” and “buy,” respectively, but lowered its target prices on those firms and also on discount brokers OptionsXpress (OXPS) and TradeStation Group (TRAD).
