From: Registered Rep. and Fidelity Institutional Wealth Services [[email protected]] Sent: Friday, February 27, 2009 10:05 AM Subject: Becoming an RIA? Fidelity Investments Invites You To Learn the Legal Considerations This message...
Ken Lewis had a date with New York Attorney General, Andrew Cuomo, today. He was called to testify on what he knew about the $3.6 billion in bonuses paid out to Merrill Lynch employees late last year. The bonuses were paid just as Merrill was...
Whether it’s redemption requests or the fact that the regulatory staff is working overtime (18 hour days in some offices we hear ) since the Madoff bust or some combination of both, the capital market cops are putting up some big charges of...
Ah, nevermind about those asset sales. AIG is no longer planning on selling businesses to pay back the government’s $85 billion loan, Bloomberg reports. Instead the company may give stakes in some businesses directly to the government.
It’s safe to say that yesterday's market surge after Fed Chairman Ben Bernanke's reassuring and uplifting prediction of an end to the recession by year-end and a recovery in 2010 is not the start of a bull market. Hardly, in fact.
Exactly how Tremont Group Holdings plans to defend itself against claims that it was “reckless” with client money that was invested in Madoff funds is something those affected by the Madoff scandal—and really, anyone interested...
It sounds redundant: Put a tax-deferred investment, like a variable annuity, inside an already tax-deferred IRA or retirement account? But the wisdom of such a move is actually subject to much debate. In fact, fifty five percent of all variable...
On Friday, hours after Wachovia Securities told managers that the firm’s financial advisors would not receive any retention bonus, Smith Barney and Morgan Stanley reps got some good news: Some extra cash is on the way. Top producers at both...
Talk of bank nationalization is heating up. The Wall Street Journal, and The Financial Times report that the government may take up to a 40 percent stake in Citigroup, citing unnamed sources close to the negotiations, though the Journal suggests...