Practice

New York Attorney General Andrew Cuomo is reportedly investigating Fidelity Investments and Charles Schwab over auction-rate securities, although it is unclear at this point over whether the probe is into sales or investment strategies.

Fidelity is expanding its three-year-old plan to “virtualize,” or standardize, its servers—so that there no longer is great a bond between data, applications, desktops and storage, and the underlying server and operating system infrastructure— focusing on both x86 and reduced-instruction-set computing, or RISC, servers, Network World reports.

Equity indexed annuities, which provide investors a portion of the market’s rise but do not decline in value when the market falls, have become increasingly popular among seniors.

The Securities and Exchange Commission has opened a website originally created for internal purposes at the Office of Compliance Inspections and Examinations to fight anti-money laundering, for compliance officers at mutual funds.

In addition to helping employees save for retirement, a solid 401(k) plan can help companies to attract, motivate and retain good workers, enhance a company's corporate reputation and contribute to the long-term financial success of the business, according to a new study by Charles Schwab.

Ever since those first gatherings under a buttonwood tree, the business of Wall Street has been highly social, with personal contacts, access to information and networking abilities playing a crucial role.

As more investors begin to believe that the global economy is in a recession, fears of inflation are dropping, and money managers are turning their concerns from credit risk to leverage.

The Security and Exchange Commission’s 30-day rule temporarily banning short selling of Freddie Mac and Fannie Mae stock is set to expire Tuesday night.

A survey of people who are in charge of the finances in their household, “Household CFOs” by the Consumer Credit Counseling Service has found that 68%, or two out of three, are ill prepared to a sudden financial crisis because they don’t have emergency savings accounts.

Expanding beyond its customer base of small and micro defined benefit and defined contribution retirement plans that invest in separately managed accounts, Zacks Investment Management is now offering the same service to mid-size plans, also using the FOLIOfn platform.