It’s a full circle move for J.P. Morgan, which is returning to its 1799 roots in lower Manhattan. On Thursday, the firm announced that it will move its investment banking headquarters to one of five towers to be built at ground zero, with...
Registered Rep. reported Thursday that a judge ruled in favor of Merrill Lynch, which had requested an end to the discovery phase in a racial discrimination suit filed against the firm. Merrill does not want to have to hand over any more new...
What’s funnier than a hedge fund manager getting worked up over a garden hedge? Well, probably a lot of things. But in any case, James Chanos, head of short-selling hedge fund Kynikos Associates, is at war with his East Hampton neighbor Mark...
Justice tends to be far from swift when it comes to market-timing fraud. The Securities and Exchange Commission announced this week that it is returning ill-gotten gains to Pilgrim Baxter (investment advisor to the PBHG fund family) shareholders...
If you’re like many advisors, a chunk of your paycheck comes from 12-b1 fees in some form or another. But chances are you’re not collecting those fees for marketing purposes, as originally intended when SEC rule 12b-1 was written back...
Being in the right Sectors and Industries at the right time is what every investor shoots for. Conglomerates, Utilities, Aerospace, Finance, etc. Awesome groups lately with some spectacular gains.
The subject of workplace water-cooler conversations could become increasingly financial in nature. That’s because, when it comes to retirement planning, employees with 401(k)s and other defined contribution plans want more financial planning...
To an almost comic degree, Wal-Mart has an insatiable appetite for expanding the reach of the products and services it offers, and now, behold, the behemoth has ventured on to your turf: financial advice. Meet Wal-Mart Easy Investing by Sharebuilder.
Under plans to expand its private banking presence, Wachovia Securities said on Thursday it would hire about 300 private bankers over the next three years, more than doubling its number of private banking relationship managers, according to a...
