Finra has ordered Wells Fargo and Merrill Lynch to pay $5.1 million to settle charges related to sales of bank loan mutual funds -- just as investors are stampeding into such funds.
Chairman says agency is neutral on how to fund exam expansion.
The Hartford's generous VA buyout deal is creating a buzz in the industry. Just don't expect other carriers to follow suit.
Says agency needs funds to boost oversight of advisers; first attempt died in '12.
The economy's interest-sensitive sectors are providing it critical support, allowing flexibility
After investors interpreted Fed Chairman Ben Bernanke's recent comments as signaling a sooner-than-expected end to central bank bond buying, Fed officials have sought to alter that view and halt the surge in interest rates.
In a dramatic shift, investors now say they're uber-bullish on U.S. stock markets. And surprise! They like Japan a whole lot, too. | <i>Plus</i> <a href=http://www.investmentnews.com/gallery/20130514/FREE/514009999/PH>12 pricey — yet underperforming — funds</a>
The only true path to prosperity is free-market capitalism
Kiley sentenced to long jail term for part in $194M Ponzi scheme
Heirs facing $30M tax bill; 'will not be pleased with their tax advisers'
After a decade-long run, it's time to go
Lawmakers in Washington, including Sen. John McCain, have introduced a bill that would force Wall Street giants to hive off their investment banking units. The obvious question: Does this proposal have even the slightest chance of passing?
Economists say the strong jobs report suggests Fed chief Bernanke could begin tapering bond purchases as soon as September.
Most observers doubt Congress can accomplish comprehensive tax reform before the end of 2014. But can the code be tweaked short of an overhaul? Supporters of a measure to abolish the estate tax hope so.
