Securities regulators say that 60 percent to 70 percent of the complaints they receive concerning fraud are committed by unregistered individuals, while 97 percent to 98 percent of registered reps have virtually spotless records
Quantitative mutual funds, dubbed “black box” investments for their strict adherence to quantitative metrics and technical analysis, have come into vogue this year
Larry Fink is something of a rock star. For starters, Fink has built his asset-management company, the New York-based BlackRock, into the third-largest bond manager in the U.S., with some $450 billion in assets.
Kevin Rowell is no stranger to advisors. A longtime executive at some of the nation's largest broker-sold fund shops, he was recruited away from Charles Schwab in January to boost slumping sales at Pioneer Investments
What happens if you make an unsuitable variable-annuity sale, or simply fail to dot all your i's and cross all your t's in implementing the sale? That depends
Today, an NASD Hearing Panel fined American Funds Distributors, “the principal underwriter and distributor of the shares of the American Fund family” (as the NASD describes AFD), for directed brokerage.
Separately managed accounts (SMAs)are no longer the new kids on the block, but they continue to grow at a steady pace. Assets in SMAs have nearly doubled over the past five years, to $774 billion
