With news Thursday that a preliminary criminal investigation has been launched into some of Wall Street’s biggest firms concerning potentially misleading sales of CDOs to clients, the fiduciary train is set to gain additional momentum in...
Dimensional Fund Advisors (DFA) is riding high. At a time when many investors are abandoning actively managed stock funds, DFA’s passive portfolios have been attracting a steady flow of cash.
FINRA Chairman and CEO Richard Ketchum thinks broker/dealer firms need to bulk up on disclosure regardless of whatever rulemaking comes out of Congress on the fiduciary issue. He also said that there need to be shock absorbers in the market for...
A number of senators, Republican and Democrat, are scrambling to get on the fiduciary bandwagon following last weeks' Goldman Sachs hearings. A flurry of amendments have been, or will be, introduced this week that would apply the fiduciary...
Often criticized for their high fees and their complexities, annuities are drawing renewed interest from investors who want security in the wake of the recent financial collapse.
Why did the SEC miss a 2002 letter that warned about the Stanford Ponzi scheme? An SEC internal investigation blames "institutional influences" within the SEC. The SEC investigation report release date? The day the SEC brought the fraud case...
During the rough markets of the past decade, Marathon Value Fund (MVFPX) the fund returned 6 percent annually during the ten years through April 13, outdoing 97 percent of its large blend competitors.
Today’s Senate hearing with Goldman Sachs may increase the likelihood that a fiduciary standard for brokers will make it into Senator Christopher Dodd’s financial regulatory reform legislation.
