The Hartford said it has reached a $115 million settlement with three states to resolve a bid rigging and market timing case.
The National Association of Insurance and Financial Advisors has named John J. Healy as its new chief executive.
Morgan Stanley’s retail brokerage unit ranked dead last in customer satisfaction for the second year in a row, according to a survey.
As other countries reduce their corporate tax rates, the U.S. is becoming less competitive, according to the Treasury department.
In wake of the BoNY-Mellon merger, third-party trading technology has been made available to assist customers of Pershing.
The Nasdaq Stock Market Inc. will make a wide range of its data tools available via the Web.
Hedge funds pulled in $58.7 billion in new flows during the second quarter, according to Hedge Fund Research.
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?
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.
