Practice

The regulator sanctioned the banking company for unethical CMO sales practices.

An increase in medical costs is forcing Americans to rethink their savings priorities, with many choosing to pour more money into monthly retirement savings, The First Command Financial Behaviors Index revealed.

As many as 31 states could see their pension plan assets dry up by 2030, this according to a new study from the Kellogg School of Management at Northwestern University.

Two day traders have been arrested by Norwegian police for allegedly cracking an algorithm of US brokerage firm Timber Hill. The traders were purpoted be trying to manipulate the stock prices of three companies listed on the Oslo Stock Exchange.

Bank of America Merrill Lynch is set to pay $2.5 million in restitution and fines after failing to provide discounts to customers on a certain type of redeemable security, the brokerage industry's primary regulator said on Wednesday.

The Securities and Exchange Commission today for the first time charged a state–New Jersey–with violating securities fraud laws by failing to disclose to bond investors that it was underfunding its two largest pension plans.

Bank of America Merrill Lynch is set to pay $2.5 million in restitution and fines after failing to provide discounts to customers on a certain type of redeemable security, the brokerage industry's primary regulator said on Wednesday.

Due to the current complexities surrounding various investment vehicles and their increased due diligence provisions, endowments and foundations are mulling over the possibility to implement an outsourced CIO model, a new SEI study claims.

The Securities and Exchange Commission is asking the Town of West Warwick, R.I. to fork over documents relating to its pension board’s previous actions.

Although there were sharp disagreements at a Treasury Department conference Tuesday about what kind of role the government should take in the future of housing finance, one idea in particular seems to be gaining momentum: creating an insurance fund to back mortgage-backed securities. future-of-housing-finance