The Charles Schwab Corp. today said it will not meet New York Attorney General Andrew Cuomo's demand that it repurchase auction rate securities from clients that purchased them from the discount-brokerage firm, even though its exposure to a buyback is relatively limited.
The Securities and Exchange Commission today said that it has settled charges against TD Ameritrade Holding Corp. Inc. for making inaccurate statements when selling auction rate securities. Also today, Charles Schwab & Co. denied charges by Attorney General Andrew Cuomo that the firm misrepresented the safety of such securities.
A key state insurance official has called upon the life settlements industry to keep Main Street policyholders in mind — or else.
When it comes to providing financial advice to athletes, Morgan Stanley Smith Barney is relying on a little inside baseball to gain an edge in this ultra-competitive sector of the wealth management market.
Investors should be careful not to let the “sticker shock” of the latest unemployment data derail them from their long-term investment strategies, said Uri Landesman, head of global growth at ING Investment Management Americas.
The volume of signed contracts to buy previously occupied homes rose for the eighth straight month in September as buyers scrambled to take advantage of a tax credit for first-time owners that expires at the end of this month.
UBS AG's wealth management business in the Americas returned to profitability in the third quarter, despite losing financial advisers and client assets.
U.S. home prices rose for the third straight month in August, data Tuesday showed, a key sign for a broad and sustained housing recovery.
The number of buyers snapping up new homes dipped unexpectedly last month as the effects of a temporary tax credit for first-time owners started to wear off.
Although Aviva USA Corp. already has an established strength in its lineup of indexed products, the insurer has its eye on the next innovation: a guarantee wrapper with a managed account or 401(k), according to chief executive Christopher J. Littlefield.
The industry effort to regulate financial planning as a profession has support from within — but it won't escape opposition from other sects of the financial services community, several industry leaders said today.
Bruce Wasserstein, a prominent Wall Street dealmaker and CEO of Lazard Ltd., was hospitalized with an irregular heartbeat.
California Gov. Arnold Schwarzenegger yesterday signed into law a bill that discourages stranger-originated life insurance transactions.
The life settlements industry felt some of the ill effects of the economic crisis last year, as purchasers of settlements ran into difficulties financing new premiums and policyholders showed more interest in selling their coverage, according to a report from Conning Research.
The Court of Appeals for the District of Columbia Circuit today ordered the Securities and Exchange Commission to reconsider a rule that treats most equity index annuities as securities.
If you had a good mix of stocks and bonds in your retirement account and you left it alone through the market madness of the past year, more than likely you're in good shape now.
Money managers are fighting legislation that would — for the first time — subject the roughly 4,000 firms associated with broker-dealers to regulation by the Financial Industry Regulatory Authority.
