The Investment Company Act of 1940 has resulted in very, very important benefits to Outside, Passive, Minority Investors (“OPMIs”) because of the plethora of substantive protections it brings to OPMIs.
President Barack Obama wants to nominate Janet Yellen, the president of the Federal Reserve Bank of San Francisco, to take over as vice chairman of the Federal Reserve, an administration official said Friday.
In a blistering attack, money manager John Hussman raps CNBC, blasting the financial network for what he says is myopic and 'cartoonish' content
Robert Mustard was thought to be the person who assaulted a father and son team of reps on Monday. The former client was said to be 'unhappy over some business dealings.'
Richard Smith and son R. Chris Smith — reps at Smith Financial in Dallas — apparently had an ongoing dispute with the suspect, who also turned the gun on himself and is in critical condition.
Standard & Poor's Equity Research recently upgraded its outlook for the biotechnology industry to positive from neutral.
Sources say Sen. Dodd's financial reform bill places the hotly debated consumer protection agency -- designed to regulate bank products -- under the aegis of the bank-owned Federal Reserve.
Two life insurers are suing a trio of broker-dealers, accusing them of fraudulently selling to third parties variable annuities with lucrative death benefits on terminally ill individuals.
A bill introduced last week in the California Legislature would require money manager placement agents to register as lobbyists and regulate their compensation.
A proposal that would require brokers providing advice to be regulated as RIAs may be dropped from financial reform legislation, according to consumer groups and state securities regulators.
Chief executives at some of the biggest financial institutions are on a mission to repair their image with Congress and the public, part of a strategy to gain more influence over legislation that would overhaul financial regulations and intrude further into their business.
Carlos Slim, the world's richest man according to Forbes magazine, has acquired shares of BlackRock Inc., the world's biggest money manager, expanding his U.S. holdings.
Donald Anthony Young also diverted clients' cash into a horse farm, authorities say
Authorities say Patrick Rakotonanahary's currency trading business was actually a classic Ponzi scheme
Their parents are getting all the attention, but 30-somethings want (and need) financial advice. Now
Info from 24,000 of its Swiss bank accounts was stolen between 2006 and 2007, HSBC reported today. Tax authorities in foreign countries can expect to be hearing from the data bandits -- if they haven't already, that is.
With the life insurance industry recovering from a year of falling revenue, as sales of variable annuities, universal- and variable-universal life insurance all off, carriers are gearing up to make some changes.
The Minnesota Commerce Department claims that the insurer sold 541 contracts worth $28 million that weren't OK'd by state
The senior executive vice president in charge of Wells Fargo & Co.'s Wealth Management, Brokerage and Retirement Services Division made the bulk of his pay from an option award and a retention bonus.
