NEW YORK — FSC Securities Corp. last month was taken to task in an NASD arbitration panel decision.
NEW YORK — An investment company has hired an environmental engineer to run a mutual fund that invests in water infrastructure. The company calls it the only actively managed fund that makes such investments.
Waddell & Reed will offer its advisers updated technology and a new outside platform for its top 300 reps.
For the second consecutive year, LPL Financial Services is giving a bump to its bigger-producing registered reps.
The Hartford generated second-quarter core earnings per share of $2.39, up 31% from the same period last year.
FSC Securities of Atlanta was taken to task in a recent NASD arbitration panel decision.
Bear Stearns Broker-Dealer Services has expanded its sales and account officer teams with four new hires.
The first bipartisan House version of the National Insurance Act of 2007 was reintroduced today.
The National Association of Insurance and Financial Advisors has named John J. Healy as its new chief executive.
The Hartford said it has reached a $115 million settlement with three states to resolve a bid rigging and market timing case.
An NASD arbitration panel ordered Merrill Lynch to pay a former employee $1.6 million after he was fired because of his ethnicity.
Morgan Stanley’s retail brokerage unit ranked dead last in customer satisfaction for the second year in a row, according to a survey.
The recent fallout in the market for subprime mortgages caused one prominent hedge fund index to revise some of its performance returns last week. Last Monday, the Credit Suisse/Tremont Hedge Fund Index reported that its index for fixed-income arbitrage gained 0.21% in June and 3.7% year-to-date.
Is the creation of a top-level suitability monitoring job by Allianz Life Insurance Company of North America a step forward in annuity marketing or a defensive position in response to a battery of lawsuits?
The Vanguard Group Inc. is pushing advisers out of a popular class of shares, and some financial advisers and industry experts aren’t happy about the move.
NEW YORK — Life isn’t fair. Just ask John Thain. Since becoming chief executive of the New York Stock Exchange in 2004, he has taken the former membership organization public, pushed it into bond and option trading, and merged it with Euronext NV of Amsterdam, Netherlands, Europe’s largest exchange group. Now he is being slammed by shareholders.
With the Dow Jones Industrial Average closing above 14,000 for the first time last week, an increasing number of financial advisers are considering the merits of market timing.
Russell Investment Group has begun to phase out the sale of managed accounts on its own platform.
After building businesses through fee-based brokerage accounts and mutual fund trail fees, many brokers are anxious about looming changes to these sources of revenue.
NEW YORK — Despite continued consolidation, the clearing industry in some ways is becoming more crowded, with increased competition for the clearing business of top independent-contractor broker-dealers.
