Earlier this month, Puerto Rico sold $3.5 billion in bonds but since the sale, some of the bonds have changed hands at less than the minimum amount for some investors. Finra is taking a look.
Hedge funds seeking to participate in Puerto Rico's planned bond offering are asking that the commonwealth raise enough money to meet its needs for two years, two people with knowledge of the preliminary talks said.
Fund company says while there's “room for improvement,” commonwealth "moving in the right direction."
Four top executives of DBSI Inc., one of the leading syndicators of private-placement investments, were convicted by a federal jury on multiple counts of fraud.
<i>Breakfast with Benjamin:</i> All eyes are on earnings. Plus: The SEC discovers high-frequency trading, momentum takes out passive investors, AAA credit ratings becoming extinct, new love for emerging markets, six solid stocks to watch this week, overwhelmed at the IRS, and Switzerland votes for the world's highest minimum wage.
Stocks dropped amid disappointing results at JPMorgan Chase & Co. and signs hedge funds were dumping the bull market's best performers.
Tech stocks are off sharply but one technical strategist is advising clients not to buy the dip. Here's why.
Advisers agree investors need to stay calm and avoid knee-jerk selling.
<i>Breakfast with Benjamin:</i> Why investors are bracing for a rough start to the week. Plus: The SEC hones in on hedge funds, rethinking stock buyback programs, trading stocks on your phone, and using your phone to break bad habits
Investors' fear of rising interest rates is driving down shares of companies like Lockheed Martin, which makes the F-16 Fighting Falcon fighter jet, that pay high dividends. Some strategists suggest keeping at least a little exposure to these stocks as a bond substitute.
FS Investments also will increase its monthly cash distribution rate.
Inland American offers shareholders a way to cash out, but place limits on the buyback and values shares at no more than $6.50 a share.
Fidelity Institutional Wealth Services wants to help them make a concerted push into plan advising
Verdict may increase pressure on colleague to cooperate in investigation of founder Steven A. Cohen.
New offering grabs $2.8 billion in first few days; a JPMorgan fund has similar outflow.
<i>Breakfast with Benjamin:</i> Backing off the big bounce. Plus: Bill Gross confesses, Bank of America pays for cheesy marketing tactics, investing in wind energy and an urgent reminder to change those passwords
<i>Breakfast with Benjamin:</i> The latest IPO candidate has filed, and its numbers are 'insane.' Plus: Currency traders on their way to extinction, hedge fund managers boost gold bets (mostly), small cap strategies rule, two powerful women on Wall St. could be out of work and an Olympic update.
<i>Breakfast with Benjamin:</i> One IPO hoping investors have a short memory. Plus: Bracing for weaker earnings, here comes Fed meeting minutes, bond market opportunities, shoving investors toward behavioral finance and refusing LinkedIn requests.
<i>Breakfast with Benjamin:</i> An old manufacturer goes high tech and why its earnings still matter. Plus: Emerging-markets stocks bounce as the dollar slides; the stock market's frayed nerves; and a little corporate board turnover can go a long way toward stock performance.
<i>Breakfast with Benjamin:</i> Bank ETFs ride the choppy waves of Yellen-speak. Plus: Still waiting for Treasury yields to spike, new love for intermediate-term bond funds, hot stocks ahead of earnings reports, and even gold bugs are starting to worry about the precious metal's decline
