The Labor Department is likely to issue new rules governing investment advice given to 401(k) plan participants by the end of this month, Assistant Labor Secretary Phyllis Borzi said today.
With a nearly 30 percent jump in bank robberies last year when compared with 2008, banks in Colorado are being encouraged to report suspicious people entering their banks as a way to discourage would-be bank robbers.
Florida authorities have locked up Richard M. Incandela, on charges of selling insurance without a license and organized fraud exceeding $50,000, according to published reports.
The life settlements and life insurance industries are criticizing President Barack Obama's 2011 budget proposal, which includes provisions that would require additional reporting to the IRS for life settlements and would impose taxes on corporate-owned life insurance.
The state of Illinois has reached a settlement in its lawsuit over losses in the Bright Start college savings program under which parents will get back $77.23 million — slightly more than half of what they lost in investments handled by Oppenheimer Funds Inc.
Proposed entity would be capitalized by the prime-money-market-fund industry.
Reebok founder Paul Fireman is suing his longtime friend, investment adviser and accountant, claiming he stole $25 million from him and a charity.
The Obama administration last week announced plans to require employers to give employees the option of enrolling in direct-deposit individual retirement accounts.
A federal judge in Minnesota last week ordered Trevor G. Cook jailed for failing to surrender more than $35 million in assets.
A defeat of Federal Reserve Chairman Ben Bernanke's quest for another four-year term could raise the risk of a "double dip" recession if political jousting over a successor were to drag on for months, economists warn.
More than 1,000 financial planners contacted members of the House to oppose a provision in financial-reform legislation that could put many advisory firms under the jurisdiction of the Financial Industry Regulatory Authority Inc.
Financial planners are worried about being regulated by the proposed consumer financial protection agency when it comes to dishing out advice about mortgages, taxes and estate planning.
Financial planners are worried about being regulated by the proposed Consumer Financial Protection Agency when it comes to dishing out advice about mortgages, taxes and estate planning.
The Senate Banking Committee's plan to overhaul Wall Street has received a cool reception in the brokerage world.
The Securities and Exchange Commission has sued Gary R. Headding and his former registered investment adviser firm, Envision Direct of Newport Beach, Calif., for defrauding two clients of at least $274,256.
Smaller broker-dealers are worried that a sweeping congressional proposal aimed at preventing fraud through comprehensive audits of brokerage firms could put them out of business.
Commssion backs a plan to limit fees on option trades. But the regulator also wants the largest stock traders to provide ID codes, records for transactions
For months, a task force for the Financial Industry Regulatory Authority Inc. has been reviewing some of the major issues surrounding the professional use of social media in the financial services community – and now the self-regulatory organization has finally issued an overview of their guidelines.
A sports car worth nearly $2 million, an 87-foot yacht and a guitar collection worth as much as $20,000 were among the assets seized from a South Florida lawyer suspected of operating a massive fraud scheme, according to a court filing Monday.
Two California investment advisory firms were charged with improper short selling today by the Securities and Exchange Commission.
