Paul Wichman, the former national sales manager of Pershing Advisor Solutions LLC of Jersey City, N.J., left the firm this month.
Producer prices rose faster than expected in January, according to a Department of Labor report released today.
Clients of the troubled Stanford companies who clear through Pershing LLC will be able to liquidate their accounts if approved by the court-appointed receiver, Dallas attorney Ralph Janvey.
Former Federal Reserve Board Chairman Alan Greenspan said yesterday that temporary nationalization of U.S. banks may be necessary.
John W. Goff, owner of the Goff Group, may face at least 20 years in prison after his conviction yon charges of mail fraud, embezzlement and filing false documents.
A former Morgan Stanley employee has been charged with stealing $2.5 million from the firm, with the crimes allegedly occurring over more than seven years.
New residential-housing construction permits continued to decline last month, falling 4.8% from December.
When the SEC declared that equity index annuities are securities last year, it ignored the McCarran-Ferguson Act.
President Obama’s mortgage plan aims to keep up to 9 million families from losing their homes to foreclosure.
A member of a blue-ribbon panel appointed by California Gov. Arnold Schwarzenegger to make recommendations on improving the state’s tax code said the panel’s members are philosophically opposed to taxing professional fees or any other “non-tangible” services but warned that dire economic conditions may make such opposition moot.
The SEC today charged that Allen Stanford and his financial companies also falsely promoted the Stanford Allocation Strategy fund mutual fund wrap program.
President Obama today signed into law the $787 billion stimulus bill.
Smith Barney has lost 15 advisers in the Baltimore area to Robert W. Baird & Co. Inc.
Americans’ confidence in their own financial security continues to drop, according to an index that showed a steady decline in people’s views over the past six months.
Iceland’s economic meltdown, fueled by its exposure to foreign debt, could bring the country to the brink of failure, according to research from Hennessee Group.
Employers persuaded their employees to put their 401(k) investments in the stock market, but now they are trying to persuade them not to abandon their investments.
Institutional investor confidence worldwide increased 12.7 points to 72.9, from January’s level of 60.2.
The equity market reacted to Treasury Secretary Timothy Geithner's much-anticipated bank rescue plan last week with a resounding thud.
As clients continue to question the merits of traditional investment approaches, Philipp Hensler, chairman and chief executive of DWS Investments Distributors Inc., is prepping his firm to arm financial advisers with a new way of thinking.
