Do any of your clients have a connection to the Mafia? Brian Hamburger, a lawyer specializing in securities law, says he represents a financial advisor who was threatened by someone claiming to have family in the Mob.
Raymond James Financial posted improved earnings in its fiscal third quarter compared to the second quarter, but results were ugly when compared to last year’s third quarter, which represented a record across...
Last year was not a great one for the mutual fund industry, as investors yanked $226 billion out of stock and bond funds, resulting in the first annual net outflow from long-term mutual funds since 1988, according to...
Michael Moore has a new, if predictable, target: Wall Street. A trailer for his latest film, untitled, shows him panhandling with a can that reads, Save Our CEOs, and imploring audiences to make donations to the big...
If you want to know what made Madoff do it, you can try playing someone like him in a new game for cell phones called, predictably, Made Off. The game allows you to rob, cheat and steal from innocent investors to earn...
After last year's market slump, clients need more attention than ever, but not all clients are worth it. Today, many advisors are reevaluating their books of business and letting go of “C” clients for the...
So much for those green shoots, say two economic historians, Barry Eichengreen at the University of California at Berkley and Kevin O'Rourke of Trinity College, Dublin. Globally, we are tracking or doing even worse...
Here's a story you can tell to clients who are fed up with the market. There's a frantic search under way in Israel for a mattress that's worth $1 million. According to the AP, a woman in Tel Aviv bought her mom a new...
